THE DISTILLERY: RBA inspection

Jotters pick apart Reserve Bank policy ahead of today's rates decision, with one noting rate cuts have helped homeowners pay down debt.

It appears the Reserve Bank of Australia won't be cutting interest rates today. The question is, when will it drop its ‘prepared to cut’ bias that has mortgage holders thinking that another reduction could still be on the cards?

Also in this morning’s edition of The Distillery, the government’s plan to hack into the superannuation industry for funds to rescue the budget gets an absolute shellacking.

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