Rates on hold today

Australian Federal, State and Local Politics
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Rainbow Moonlight
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Joined: Tue Jun 24, 2008 5:23 pm

Rates on hold today

Post by Rainbow Moonlight » Tue Jun 07, 2011 2:56 pm

I think this was the right decision by the Reserve Bank.
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Pastafarian
Posts: 564
Joined: Thu Oct 09, 2008 11:55 am

Re: Rates on hold today

Post by Pastafarian » Tue Jun 07, 2011 2:57 pm

Based on your credentials in economics?
The Mayans predicted the end of the world in December 2012, but they didn't see the Spanish coming
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Rainbow Moonlight
Posts: 1463
Joined: Tue Jun 24, 2008 5:23 pm

Re: Rates on hold today

Post by Rainbow Moonlight » Tue Jun 07, 2011 3:08 pm

No. Just think the general picture of the uncertainty in the US and falls in housing loans in our own economy, (http://www.abc.net.au/lateline/business ... 218566.htm) and the effects of stimulus spending wearing out, it isn't the right time to rise rates. I thought they might rise them because of inflation, but i am glad they haven't.
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