RBA prepared to drop interest rates?

[boz]

excuse me?

housing credit is still slightly rising in april, things would get very very very dodgy when it will start falling (and it will if government doesn't flood housing with money). May be we'll get finally interest rates at 1% in australia as well
EDIT: may be we can get away for few more years with another 1 tril$ chinese economy stimulus package...

 

[urbanprospector]

oh, well, there you go! thanks for posting that.

where's the inflation?

here like a clock

http://www.bloomberg.com/apps/news?pid=20601081&sid=a6utyO.qSmP4

ay 31 (Bloomberg) -- A gauge of Australia’s annual inflation accelerated in May above the top of the central bank’s target range to the fastest pace since October 2008.

Consumer prices advanced 3.7 percent from a year earlier, after gaining 2.9 percent in April, according to an index compiled by TD Securities Ltd. and the Melbourne Institute released in Sydney today. Prices increased 0.5 percent from a month earlier, when they rose 0.4 percent.