Dear RBA Governor Glenn Stevens,

Your decision to maintain interest rates at 3.25% when the whole world is going into an economic free fall tells me that either you either have access to information that no other Australian has (including other Reserve Banks from around the world) or that you have spent a little too much time in your ivory tower.

Let me cast your mind back to early 2008 – when other Reserve Banks around the world were decreasing their interest rates – you on the other hand were increasing them; only to reverse this when the reality of the global financial meltdown hit you!

I urge you to go down the street and speak to Small Businesses, the backbone of the Australian economy and gauge their feeling towards the economy; I think you maybe shocked by the lack of confidence in the economy and towards your decision today.

I am afraid that by the time you realise that Australia is headed towards a recession, you will once again be late to the interest rate party.

Please Governor Glenn Stevens, follow the lead of other reserve banks and keep pushing interest rates lower to help boost our fragile economy.