Well that is the idea of increasing interest rates
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If Australia tips into recession it would be a ‘pretty mild one’Economists are warning Australia could tip into a recession this year if the Reserve Bank of Australia keeps raising rates. Deloitte Access Economics partner Stephen Smith says it would take some further increases in the interest rate from the RBA to tip Australia into a recession. “If that did happen, it would be a pretty mild one,” Mr Smith told Sky News Australia. “We’re expecting economic growth – quarterly economic growth through 2023 of sort of 0.3 - 0.4 per cent per quarter.” Why are interest rates rising, because of inflation, why continuing inflation, because of the continued migration and influx of foreign capital. Every person pays for every migrant these days.
Source: SkyNewsAust - 🏆 7. / 78 Read more »