at its past two previous meetings, taking the official cash rate to 0.85 per cent from 0.1 per cent. Financial markets expect the bank to take the cash rate to almost 3 per cent by year’s end.
“The level of interest rates is still very low for an economy with low unemployment and that is experiencing high inflation.” “Given these various considerations, we will be watching household spending carefully as we chart our way back to 2 to 3 per cent inflation.”
swrighteconomy youknewthiswascombing justfollowfed nohikestill2024lol
swrighteconomy home buyers only?
swrighteconomy It seems everyone is out to get Mr. Average.
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Home buyers warned by RBA to expect more interest rate painBREAKING: Home buyers are being warned by the Reserve Bank to prepare for more interest rate rises, saying it has to get the cost of money back to a normal level to head off inflation pressures that would leave all Australians worse off. mmm... so after 2 years of 'advising' the market and Australians that there would be no interest rate charges... the RBA finally admits they got it all wrong... so an apology is going to fix the economy now? oh no... just the suffering of individual Australians and businesses. Put the whole lot in jail. RBA, LNP, Labor, FIRB, APRA, KPMG, MSM, bankers. Jail the whole lot for what they've done to Australia. Stop the excess government spending. Especially on non-productive purposes. Inflation is too much money chasing too few goods. Stop printing money....
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