"Given the Bank's caution, it does suggest that they are not particularly keen to loosen monetary policy just yet and that it would take some severe financial market problems or a major downward revision to the activity outlook to get them to move rates in October or even November, " said James Knightley of ING.
In order to understand why such perverse priorities would be embraced during a period of severe fiscal pressure, you have to understand how politics works notjust at the federal level, but at all levels in a democratic society.
Because they successfully pool everyone to pay for it, the cost is borne by all, notjust the people who know now they want to start a family or have lately been struggling with severe depression.