I am not as big fun of our reserve bank as Calvo do. It lost...

I am not as big fun of our reserve bank as Calvo do. It lost billion dollars last financial year. I still have the bad memory of three quick rate rise in late 2007 and early 2008 just before GFC.

Well, I don't think it is a problem with home owners. 0.25% adding not much extra burden, just smoke a bit less, and drink tap water, not exotic coffee for a change.

While most OECD countries have extra low interests rate, we are far ahead.

Resource boom, and good economy? Actually we only have the first one. Without resource boom, we have nothing. Canadians have resource boom too, their interests rate is only 1%!

Cannot trust our reserve bankers, but no complain.