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.