Thursday, August 03, 2006

Amateur opinion

STATEMENT BY THE GOVERNOR, MR IAN MACFARLANE
MONETARY POLICY
:

Strong demand for finance over the past few months indicates that households and businesses have continued to find it attractive to borrow at recently prevailing interest rates. Compression of lending margins over recent years has contributed to a lowering of borrowing costs relative to the cash rate. This has meant that although the cash rate has recently been slightly above its average for the low-inflation period since 1993, interest rates paid by borrowers have remained below average.

Bunch of meddling, no-nothing, amateurs.