RBA KEEPS INTEREST RATES ON HOLD: BANK CEO GET THE JOB DONE!!!!

This is NOT a shock move.  Everyone knows today across Australia that the RBA is in a war with the banks and the banks would not have passed on any interest rate cut.  To save face, and try to assert some authority in the market place and worsening financial situation the RBA avoided confrontation with the banks and kept out of the interest rate cut fight.  Interest rates in reality should be Zero per cent but the RBA does not have the metal to lower rates to that level, thus, many people go without new homes, new cars, new computers and cameras and new everything.  A truly sad day for Australia when the Chairman of the RBA lives in the shadow of the bank CEOs.

VOTE 1 - KINGSLEY FERDINANDS FOR SOUTH AUSTRALIA SENATE ELECTIONS 2012/2013.