AusFinance

1347 readers

1 users here now

founded 2 years ago

MODERATORS

lodion@aussie.zone

Los@beehaw.org

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

14 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] hanrahan@slrpnk.net 2 points 4 days ago

The (RBA’s) problem is we’re all too rich

The bank’s fight against inflation is much harder due to the extraordinary boom in household wealth, which is keeping the economy motoring along. Expect interest rates to stay high.

https://slrpnk.net/post/37557537

permalink
fedilink
source