Comments by "John Woodrow" (@johnwoodrow8769) on "RBA 'easing their foot off the accelerator' on rate rises" video.

The "drastic monetary policy" was the RBA cutting interest rates to near zero, which really did nothing to stimulate the economy other than fuel massive unproductive asset bubbles eg. stupidly high house prices fueled by virtually free money. The current rise in official interest rates is NOT "drastic monetary policy" just a return to something approaching normal from the previous stupidity. With the rate currently at 2.6% it still has a way to go to reach the long-term average of 3.8% which is about the minimum it should be at this time.
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It's highly questionable if low interest rates made the economy go 'fast' after the GFC. If business is unprepared to borrow at 5% they aren't going to do it at 2%, or 1%. All it achieves is speculative and unproductive asset bubbles e.g house prices, as speculators borrow at next to nothing and plow it into shares and property.
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@raccuia1 If you use your criteria, the "frequency" has been extremely slow, they should have started raising rates MUCH earlier when 'blind-freddy' could see what was happening in the UK, USA, etc. And the "intensity" has been mild, they should have been making adjustments at least 1% each time. The only reason the RBA is pausing is because they are responding to political pressure. They have clearly shown they are not 'independent' otherwise the correct thing for the medium-long term economy would be to have moved more swifter and HARDER!
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