“He’s the chap that told us a couple of years ago interest rates would be at record lows for years before he started jacking them up at an unprecedented pace,” he said.
“That’s doing huge damage to household budgets and, from their point of view, it’s all about trying to put the inflation genie back in the bottle.”
Source: Loan Digest (loandigest.net)
He has been involved in politics for a while, hence did not raise the rate under LNP, even though it was long overdue and only did so when it was quite evident LNP wouldn't return to power.
I disagree. Chalmers and Albanese have opportunistically tried to throw him under a bus to mask their failure to do anything to address spiralling cost of living & soaring interest rates. RBA is doing it’s job… albo & jimbo said the had a plan pre-election. They lied.
Or Lachlan and Rupert are undermining Australia by spreading fear
Anyone remember when a 2% Cash Rate was an Emergency level.
Is that kinda like meddling? Media organisations are good at that too.
Who said that Central Banks were 'independent'! 🤔
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