Economists are warning the Reserve Bank of a potentially avoidable recession ahead of tomorrow’s interest rates decision. The RBA is widely expected to deliver its fifth consecutive half a per cent rate rise, which would take the cash rate to 2.
85 per cent.
Source: Loan Digest (loandigest.net)
Looks like they’re going to follow the Uk off that cliff, the pubs are empty & closing in London, no one can afford to go out. JEChalmers
Is the Reserve Bank broke?
adamseconomics It’s my understanding that a recession helps us tackle inflation? If inflation gets out of control we are headed for a currency crisis? Surely a recession is the best option? Your thoughts?
Can’t “Build Back Better “ until they break the economy
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