RBA hikes interest rate up by 50 basis points to 1.35 per cent

Sky News Business Editor Ross Greenwood said the RBA wants to change behaviour to bring inflation down and under control.

“And that means curbing the spending of households who for the past five months have been at record levels,” he told Sky News Australia. He said the interest rate has been hiked up by 50 basis points at the RBA’s meeting on Tuesday, hitting 1.35 per cent.

Philip Lowe must go! RBAmakeover

Governments devaluing their own doller by printing money out of thin air, increasing inflation. Every country's owed debt is higher then their actual available funds. The cycle continues. Crypto solves this problem. The fiat system is broken. (never worked)

Still cheap as chips, what about those of us who save or are retired and need returns from borrowers ? Rates should be 8 or 9% .. Everyone banging on about oh my mortgage is increasing. Time for the next cycle, oh and ask the question why governments spend trillions on covid BS ?

wow… wonder how much lettuce will cost now… lol

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