The Forum > General Discussion > Is the Reserve Bank doing it's job?
Is the Reserve Bank doing it's job?
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“The money would be better spent on fixing our infrastructure i.e. water, transport, etc rather than seducing minority groups in marginal electorates.”
Good fiscal and monetary policy all in one sentence Arjay; policy that the RBA have been trying to encourage, without success, for quite some time.
Give a thought to why the government momentarily scrapped their "Go For Growth" slogan after the interest rate rises were announced.
The RBA now say pressure on interest rates will probably lead to even more increases next year with inflation likely to be heated to at least mid-2009 - REGARDLESS who wins the election.
The government can’t have it both ways, they must accept responsibility for many of the problems we are facing, particularly over the last 3 years (after all, 11 years is a long time).
Off to draft something for Keith on that other thread – why don’t you join in?