“These higher interest rates for many families means that at some point during 2023, there’s almost a brick wall or a cliff if you like that the families is going to hit which could curb their spending which then affects the overall economy,” Mr Greenwood told Sky News host Andrew Bolt.
“That’s the grave fear of having this inflation higher for longer and then the Reserve Bank being forced to raise interest rates higher than what they otherwise might have.”
Go hard or go home
If people were not in so much debt because they were foolish and self-indulgent inflation would not be such a problem.
not a word about robodebt
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