Clearly, many households and first home buyers will have reason to complain … but someone had to step up and show leadership. And it certainly wasn’t going to be the Labor Party.
By increasing the official cash rate from 3% to 3.25%, the RBA has signalled its intention to ensure Australia’s financial future remains the envy of the world.Rather than simply basking in the recent praise from the IMF and other G20 members.
[Read more…]