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RBA's decision on interest rates a choice between two evils: recession or inflation (www.abc.net.au)

submitted 1 week ago by zero_gravitas@aussie.zone to c/ausfinance@aussie.zone

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[–] Dimand@aussie.zone 2 points 1 week ago (2 children)

That will stop people wasting so much money on checks notes fuel and food. In the RBA's defence, they are damned either way, and they have no other influence mechanism.

[–] hanrahan@slrpnk.net 1 points 5 days ago

the problem is we're too rich

https://slrpnk.net/post/37557537

[–] minimumchips@aussie.zone 2 points 1 week ago

And consequently this degrades peoples trust in our public institutions. "They only have one lever". Yeah, and it isn't having the intended effect.