The RBA has left rates as they are for this month.
Personally I think this is a good thing. There hasn't really been enough time for the effects of last months cut to flow through and take effect in the greater economy.
Last months cut has appeared to spur the property market up, which has created some speculation about the Melbourne and Sydney markets heading for bubble territory. Another rate cut would not have helped this situation.
As much as I personally like a rate cut for my own mortgages, I dare say the RBA has made the correct decision for the time being.
Personally I think this is a good thing. There hasn't really been enough time for the effects of last months cut to flow through and take effect in the greater economy.
Last months cut has appeared to spur the property market up, which has created some speculation about the Melbourne and Sydney markets heading for bubble territory. Another rate cut would not have helped this situation.
As much as I personally like a rate cut for my own mortgages, I dare say the RBA has made the correct decision for the time being.