Check out the above image. Is it too long a bow to argue that that is precisely the headline that the RBA was looking for? I don’t think so.
They know the slower part of the economy needs relief. They know as well that there is not enough inflation to prevent them providing it. They know there is a risk that in providing the relief that it’ll get shoved back uselessly into houses.
So, what do they do?
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Jaaaaaaaaaaaaawbone property.
