Why do you think the RBA chose to do what it did with Interest Rates in April?

[pawprintpettags]

On supply / Demand pressure, cost increases are a direct result of three main items that are only traded in US$ and have nothing to do with our economy, these are OIL, Coal and Spot price for metals. As these goes up, so do our costs incurred in Manufacturing, Transport and Energy use. This sadly, has nothing to do with how much or how little Australian Citizens spend. Put simply if OIL hits $140US a barrel again, the cost of goods and services will go up, even if we as a nation we buy less.