PPRuNe Forums - View Single Post - Merged: Is the worst of the Global Financial Crisis behind us?
Old 8th Aug 2009, 06:26
  #100 (permalink)  
Gnadenburg
 
Join Date: Jun 2002
Location: Eden Valley
Posts: 2,159
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When did interest rates become controlled by the Govt?
When did I say they were?

The government and the RBA ( begrudgingly ) will help protect Australian property prices from an American style cataclysm.

The capacity to cut % rates further is provides a colossal financial ability to prevent an Australian housing/economic meltdown. And the RBA would do that if need be- and there doesn't appear to be such a need.
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