Larry Williams Drive

Well, how good is that inflation number out today? 2.2 percent - we're there, baby! We're pretty much bang on where inflation is supposed to sit - at 2 percent, halfway between 1 and 3 in the target band. We’ve made it. We have had inflation run out of control in this country for three years, but we have finally got it back to where it’s supposed to be. That is absolutely reason to celebrate - we're there. And yet we can’t, because of the Reserve Bank. Let’s talk about how badly these guys have stuffed this up. Even though I am stoked that we're at 2.2 percent today, it is also, unfortunately for the Reserve Bank, a pretty big signal that they’ve messed this up. Because look at where the Official Cash Rate is sitting. It is still at 4.75 percent. So we've got inflation exactly where we want it, and yet we have an Official Cash Rate that is still higher than what the Aussies have - where their inflation is not in the target band. Now explain that to me. Because our inflation is where i