PPRuNe Forums - View Single Post - One year of the new Government
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Old 24th Nov 2008, 03:28
  #13 (permalink)  
Skystar320
 
Join Date: Aug 2005
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Why I very much applaude the reduction in interest rate, let me point out that the RBA has got nothing to do with the government.

[I'm on a fixed interest rate anyhow]

RBA are a stand alone entity and lower / raise interest rates as they see fit given the current market.

The government can spend money, which they are, on pointless things to 'stimulate' the market again. Although this is fine, shouldnt they really be doing something 'good' for the economy? Somehow I dont see international trips on 'economic turnaround' agenda?

Lowerlobe if you still want to try and Ridicule me in front on pprune your more than happy to send me a PM.
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