He said the RBA's central forecast, at this point in time, was for the unemployment rate to hold steady for a while before increasing a little next year as the economy slowed down.
"We live in peace and we enjoy a level of material prosperity that few other people in the world experience," he said. "None of this is to deny that we face some pretty serious challenges, but as I listened to the finance ministers and central bank governors in Washington DC, I kept thinking I wouldn't want to trade our place for anybody else's," he said.However, with the RBA's rate hike on Tuesday, the cash rate target is now sitting at 2.85 per cent.
She said the rate rises aren't only affecting her mortgage repayments. They're affecting her customers' willingness to spend money too.
if only we still owned our natural resources we could all get the pension and a house
Yep his on a good wicket
A bullshit simplistic monetary policy which punishes the people most affected by inflation with burden of fixing inflation.
the whole place needs to be cleaned out, the Reserve Bank are clearly unhappy with Labor being in power that they are proactively pushing for a financial crash, its what nazis do, scorch the earth so only the wealth white elite aren't affected.
This is the 'not' independent Federal Governments bank, the RBA, fundamental strategy put very simply
With a cash rate = -0.1% & inflation = 3% I would like to trade places with Japan thank you very much
Nor would he want to trade his job for anything else apparently - despite failing to spot the biggest inflation surge in a generation - even maintaining rates steady as late as the February policy meeting while other central banks had already moved. Self-serving statement
Yeh we have netball The absolute state ..
Thanks for looking after us.
If its so good why am i living overseas but still paying taxes to Australia
Would be doing better if hadn’t been scared of scomo and jacked the interest rates earlier
Dont listen to a word they say i am Australian staying indonesia for most this year and thailand b4 that, I am disability pension & cant afford to live in AU anymore, Prices here are much much more affordable they are lieing to you AU gov & large businesses are robbing you blind
Hey, let's build another solar array.... That should fix it. Like $30B worth.🤓👍
Is that the best they can spin it?
Says the man making a million dollars per year.
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