Has the RBA gone too far?

If so, I may lock in some cash in a 9 month term deposit!

Talk of a two-speed economy and associated spin concerns me as much as the heightened ego’s of Australia’s Reserve Bank governor and his deputy that may have led to this recent decision.

In the past, I’ve never known who the Deputy RBA governor was. yet now, I hear him speaking weekly across the country, seemingly relishing in his new found celebrity.

I feel the recent rate rise, is one too many, although I wouldn’t be surprised to see one more, as central banks tend to over shoot on monetary policy when moving in either direction.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: