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Aint this the statement of the year!

  1. bombadier

    2,271 posts.
    Now we all know why Mr McPharlin gave ue "the rise that had to happen"

    Extracts from his comments:

    Reserve Bank Governor Ian Macfarlane justified the rate rise by pointing to a strongly growing world economy, especially in the United States, and a solid local economy fuelled by consumer spending, and solid consumer confidence.

    Although:

    The strong Australian dollar would damp inflation a little (it makes imports cheaper) but inflationary pressure would continue in the long run.

    However:

    However, the Australian Chamber of Commerce and Industry said the rate was disappointing.

    Where's McPharlin been!!!!!!!!!!!!!!!

    Bomber

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