SchMickThe way things are there should be 0% interest rate rise. Instead, the RBA is warning of a 0.5% rise. They're simply taking the piss with NO justification. Rob Lowe should be dispatched to the waste bin.
πΈππ₯ππ ππͺππΈβ’οΈ@compass1312 well he is part of the LNP rat pack.
Marius@compass1312 itβs all very well saying we need the interest rates to go up when youβre on over $1mill PA easy for someone with that income to be able to absorb the added cost of living, why is it the workers always have to cove the cost of mistakes and dereliction of duty of those in positions of power, when at the end of the day they walk away with bonuses and fat pensions regardless of weather they perform or not
@marius1
I agree with you. I never said they should go up. I said the RBA is taking the piss by doing so.
I agree with you. I never said they should go up. I said the RBA is taking the piss by doing so.
archie duke franzfurter@compass1312 Aus inflation is at 7.3% and our cash rate is at 2.85%. We've just recorded the lowest unemployment rate of 3.4% in decades. So I'm not sure what you mean by 'the way things are'. The economy is doing great. Aus has higher inflation than NZ but the RBNZ just delivered a 0.75% rise to 4.45%. To fight inflation you need rates *above* inflation. The question is why isn't the RBA doing a more aggressive rise. By dilly dallying they're only making the problem worse which will require more rate rises down the track. I also don't think Lowe is an LNP shill, for the record. We have difficult decisions to make.
@frankenfurter__
Who would an 'aggressive rise' impact the most? The mortgage holder. The low income worker? It impacts those doing it the toughest. Rate rises do do nothing against inflation. It makes money more expensive to borrow, which business borrowers pass on to their customers. What you say is an absolute fallacy.
Who would an 'aggressive rise' impact the most? The mortgage holder. The low income worker? It impacts those doing it the toughest. Rate rises do do nothing against inflation. It makes money more expensive to borrow, which business borrowers pass on to their customers. What you say is an absolute fallacy.