On Wednesday, we'll get the inflation figures. And, if as expected, they show a dramatic leap in the cost of living, there's a chance that it could force the Reserve Bank of Australia to hike interest rates right before the May 21 poll.doesn't interfere in the political process and doesn't want to be seen to be doing so.
To a large extent, it's purely academic. If the first rate hike doesn't arrive three weeks before the upcoming election, it more than likely will land just 10 days after whichever party gains power. Then came the war in Ukraine, and the resulting disruption to global trade in energy, grain and minerals has thrown an accelerant on that blaze.Unlike many developed nations, we gather our inflation numbers just four times a year, instead of every month.
Fryfenberg has already said if rates go up before the election it will be Labors fault. So if the LNP win , heaven forbid , and rates go up I guess it will be their fault.
How in hell would the general public know 👿👿
Narty0071 Not a hope in hell, but if Labor win, they will go up first week of June cause the rba has been politicised by the lnp
The RBA has made their bed with dropping rates to near zero, now it is time for them to lay in that bed. Good luck to all those families who bought into the property market at peak madness.
If they do Murdoch drones and Morrison will blame it on prospect of labour winning poll
The RBA will worry about LNP losing rather bthan National interest,I think. No they won't , they probably will chicken out.
No. Morrison would make sure the boss gets sacked.
just as well we got 22 cents off petrol
If they don't, they are partisan.
I hope so I own my house so don't pay And maybe I'll get more on my savings
here are my naked photos