Why do the Reserve Bank keep blaming the inflationary pressures on the increase in the price of bananas. Sure the price has gone up. But this is purely a function of supply and demand. If the supply is short the price goes up. This does not mean the quantity sold has increased.
When did you last buy bananas for your family? Probably 6 or more months ago !! This is because the floods wiped out Queensland. The total value of bananas sold would not have increased. Bananas don't cause inflation any more than Freddo frogs do!

So Mr Glenn Stevens stop threatening us with the big stick of interest rate increases as you are scaring the consumers. Just have a look at the retailers who are suffering. You are scaring the buyers away because if they think interest rates are going to go up, the average Australian family feels poorer.

In case you haven't got it ... interest rate increases are just like tax increases. They effectively take money out of the family pocket. If you don't like what we have... move to America. Now there is an economy in trouble. Approach the economy with positive news. That is what is good for the economy and Australia.