“The cash rate’s currently at 0.85 per cent; by tomorrow afternoon … expected to be at 1.35 per cent, and then the meeting after 1.85 per cent,” he told Sky News Australia.
“Getting to 2.5 per cent, that’s the expectation of economists – around that figure by the end of this year.“We know it hasn’t peaked yet in Australia, it’s going to continue going up.”
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RBA expected to raise interest rates by 0.5 per centaclennell Was always the NWO cabal plan to destroy Australia. Thank God Trump woke people up aclennell If you've been informed of this, it's no longer a prediction ffs. aclennell Just a question , if raising interest rates is done to dampen spending why not raise taxes instead? Share the burden and maybe fund a hospital as a bonus.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
RBA expected to raise interest rates by 0.5 per centaclennell Was always the NWO cabal plan to destroy Australia. Thank God Trump woke people up aclennell If you've been informed of this, it's no longer a prediction ffs. aclennell Just a question , if raising interest rates is done to dampen spending why not raise taxes instead? Share the burden and maybe fund a hospital as a bonus.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
RBA’s inflation battle splits market on peak ratesThe country’s top economists are grappling with how quickly the Reserve Bank of Australia should raise interest rates without triggering an economic downturn. It's simple. The RBA shouldn't raise interest rates as an inflationary tool. It will only deliver bankruptcies, mortgage defaults, job losses and suicides; and is a useless tool. Current price driven inflation is not due to cheap money, but climate and war impacts Economic downturn is much more tolerable short term rather than runaway inflation. RBA and other central banks, ex BoJ knows this. We know what recession brings, it's frightening, but are we really ready to face price spirals to the north
Source: FinancialReview - 🏆 2. / 90 Read more »