We look at the latest from the Reserve Bank, and consider the mismatch between the RBA view and market view of rates. There a a cogitative dissonance between the two.
Underlying this is the horrid truth, both Government and RBA seems to want to keep rates below inflation, thus disadvantaging savers while supporting more lending, despite the high leverage. This leaves the high risk of policy missteps, especially if the FED lists rates to tackle inflation.
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