My thoughts on RBA’s decision to hold ‼️

How can they cut when house prices are out of control, big Jim is pumping migrants into the country and creating fake unproductive govt jobs? The country is in big trouble.

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Government borrowing/spending is what is keep rates up.

There’s no winners if rates go down - House prices increase so will rates and charges. Any reduction in mortgage repayments will be swallowed up. Inflation will wipe any benefits out. I can’t see a way out until we have a recession to clean the system out.

RBA probably got more data then citizens. They are bit concerned about property price going up sucking money out of system. Productivity Is down down till government dose sumthing about that thing will not change.!

I believe it is a brave but sensible move from the RBA. They will need leverage for coming events and more than likely want to reduce Government Stimulus because of it.

Agree total surprise move, the confidence was coming back in the economy with the hopes of another cut today. Be interesting to see the auction clearance rates this weekend as expect some buyers to put the cue in the rack until the next cut is actually passed rather than hoping.

Cut the RBA wages in half until they drop the interest rates,they meet 4 times a year for there exorbitant salaries,fuck them let them do it hard for once,they are so out of touch

Imagine letting a few bureaucrats decide the price of money. Insane

I think I’m the only one not surprised!

RBA has a point - monthly data are partials so hard to make monetary policy decisions. Quarterly is gold standard. That saying, a hot Q2 figure could see the end of rate cuts in the near term