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No, the Reserve Bank meets on Tuesday 2 May and yes a .25% increase is all about factored in, mainly due to the rise in the rate of inflation caused by Petrol rise increases

here is the link:
http://www.smh.com.au/news/0004/28/update/news2.html

Okay, does interest rates affect Banks. Yes, but it seems to me the interest rate differential charged to Borrowers and Depositers is still maintained no matter what the interest rate is. It is only because the level of borrowing is reduced but it seems banks are seeing Fees as a major source of income as well as lending.

The GST and Disposable Income?

Well in theory, due to Tax Cuts the average disposable income should be better off as one tax replaces three odd taxes. However it's not a perfect world and i think there will be little change under either tax system.

Lance
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