Sally Tindall

And as Governor Lowe said, took out perhaps a little bit too much insurance to protect

people from what was ahead when people were staring down the likelihood of significant health concerns across the nation, but also significant job losses.

And that didn't materialise.

And so people are now looking at the RBA and Governor Lowe in particular and horrified by the rapid rise to the cash rate.

But we really need to get some perspective here.

I know

know that borrowers don't like rising rates.

That's fair enough.

But the cash rate was at emergency setting levels at 0.1%.

It couldn't stay there for much longer.

Because why?

Because the RBA, when the next emergency comes around, they need to be able to pull that lever.

And so it was very reasonable for the cash rate to rise.

I think

Perhaps Australians were prepared for the cash rate to rise, but they weren't prepared for the size and the scale of the hikes that we've had to date.

You know, we've had four cash rises in as many months and people are feeling rattled.

So perhaps there's a communication exercise that could have been done better.

But all in all, when you compare what the RBA has done to other economies around the world, I do think that they're doing a reasonable job.

I think you can rule out the break.

I don't think there will be crickets, unfortunately.