As Labor has now completely politicized the Reserve Bank, another interest rate hike has ZERO chance of happening. What is the right economic decision will be completely trumped by what is in Labors political interest.
And that's why a rate increase won't happen, regardless of the economic necessity. The political will govern what happens, the Reserve Bank is no longer 'independent' of government. Chalmers saw to that.
This inflation of 3. Something seems to be a con. It seems that inflation in the 70's was a lot higher, yet people could afford a house, big car, and everything else. And the bank paid interest on savings.
The RBA will "look though" the tax cuts, but realistically, inflation will remain somewhat high for most of 2024. At best, perhaps just one 0.25% cut in 2024. I think a lot of people back in early 2023, expected rates to drop back to their natural level of ZERO by now.
He is not a reliable economist, whatsoever. He does a lot of guesswork and keeps insisting on something which is wrong, e.g., keeps saying next time will be a rate cut. It is obvious to everyone that the Australian cash rate is way lower than its peers, so it has to catch up with them at some point anyway. Other countries have at least a one percent higher rate now, so I don't understand why he is again saying that the RBA has done with its hike already.
Retail sales are in decline per capita, people are cutting back.
As Labor has now completely politicized the Reserve Bank, another interest rate hike has ZERO chance of happening. What is the right economic decision will be completely trumped by what is in Labors political interest.
Gold tells you the real story, purchasing power for Australians is being destroyed.
See. 700000 new migrants only force up 0.1% inflation. Another 700000 will do nothing 😆
Keep those rate rises coming !
YEAH !!! I want this too.
Albo is toast if the cash rate increases
So I am confused,how would it be different with Liberals?
Wasn't the first rate rise during the Libs. last term?
And that's why a rate increase won't happen, regardless of the economic necessity. The political will govern what happens, the Reserve Bank is no longer 'independent' of government. Chalmers saw to that.
More money poured into the community. Obviously the interest rate have to be rised no matter what
Interest rises are good for gold prices.🤠
Why do they want unemployment to rise. Cant they see if nobody is working in the coffee plantations prices will rise further.???
Things have been tough since the era of Covid. feels like a permeant damage.
This inflation of 3. Something seems to be a con.
It seems that inflation in the 70's was a lot higher, yet people could afford a house, big car, and everything else. And the bank paid interest on savings.
The RBA will "look though" the tax cuts, but realistically, inflation will remain somewhat high for most of 2024.
At best, perhaps just one 0.25% cut in 2024.
I think a lot of people back in early 2023, expected rates to drop back to their natural level of ZERO by now.
Of course it will. Just like insurances, private medical, fuel, smokes, food, streaming services, etc etc.
As a home owner. Jack up rates. Cut all tax incentives to IP. Let the market reset. Cheers
Like this comment if you want another rate rise.
He is not a reliable economist, whatsoever. He does a lot of guesswork and keeps insisting on something which is wrong, e.g., keeps saying next time will be a rate cut. It is obvious to everyone that the Australian cash rate is way lower than its peers, so it has to catch up with them at some point anyway. Other countries have at least a one percent higher rate now, so I don't understand why he is again saying that the RBA has done with its hike already.
You cant raise interest rates even though that is what is necessary because its not "politically" palatable.
Thank you 🙏🙏🙏
You cant raise interest rates even though that is what is necessary because its not "politically" palatable.