The following website may be of interest to posters who want a more
accurate picture on this topic:

http://www.businessday.com.au/business/no-reserve-support-for-mcgauchie-claims-20110105-19g7p.html

"No Reserve Support For McGauchie Claims," January 6th, 2011.

It seems that the Reserve Bank has taken the unprecedented step of distancing itself from Mr McGaucie's comments. Apparently Mr McGaucie was "speaking purely in a private capacity," and not on behalf of the Central Bank. And it was made quite clear that "public comments on interest rates are usually left to top Reserve Bank officals. Anyway, read the website for yourselves. It's quite interesting.

Thanks Lexi.... once a National Party drone always one as far as Big Don goes.

Good point there too, he should be sacked from the Board for offering an opinion outside of his official Board position.

Fancy white anting the chairman of the board like that!

Slag you off Shadow Minister?, Bloke I leave that to an expert, your self, notice your threads are getting less response?
Give runner a cuddle for me.

Funny TBC that your blind Green faith should lead you to climate change being the cause of these floods. Oh that's right it is the opposite to what your High Priest astrologers predicted so we better be quite about that one and instead slag off at the God who has shown such mercy to you.

runner I'm under 10 feet of Pastor Nahlia's bloody prayer work thanks.

This is the handiwork of your gods you know.

Nothing to do with global warming at all.

And there ain't much mercy being shown out here in Barnaby Rubble land where good xtian folk are being flooded yet again.

Do go and tell Pastor Danny to ease up, please.

But, the rush to get another round of plasma's will be good for Hardly Normal, the new whinger on the block, although I have yet to see any Australian made plasma's for sale in his tat emporiums.

TBC,

I see the difference between fiscal and monetary policy completely eludes you. Look it up.

Lexi,

The RBA itself being independent refrains from criticism of the government, and could not issue such a statement. However, what is noticeable is that it did not attempt to contradict the statement.

Quite the contrary, it acknowledged the link between stimulus and interest rates.