News: DIARY-Emerging Markets Economic Events to Dec 18, page-2

"SYDNEY - Reserve Bank of Australia (RBA) holds interest rate meeting – 0330 GMT. WARSAW - National Bank of Poland holds Monetary Policy Council Meeting (to Nov. 7)."

This is just an embarrassing event for the RBA. Will they or wont they, there is no question of that really. They wont raise rates because they cant raise rates or they will smash the economy and bankrupt so many people the banks will take a serious hit.

I think we all realise the RBA is just going through the motions here. The only direction the RBA could possibly go is down and that will just fuel the bubbles in assets further so the end will just be worse than ever.

In any case this has been taken out of the RBA's hands really and it shows just how insignificant the RBA has become in regards to interest rates.

Banks are making their own rates without the RBA now.

So how is the RBA spending our billions of dollars given to them 9 billion I think it was?

Probably playing the market to keep it inflated and playing the currency to force the AUD into their range. Just my opinion on that though as the RBA wont say what it does in this respect. \

I think we need a Royal Inquiry into the RBA, APRA, ASIC and the ACCC to see what they are doing and why!