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Chief economist from EY Cherelle Murphy explains the inflationary pressures which could impact the RBA's interest rate decision on September 29, including high …
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Cash rate needs "6" at the front of it to shake inflation out of the system. RBA has been "struggling" with inflation for three years which is a joke and shows how they coddled a rising property market bubble. Who benefitted the most? The banks by providing ever higher mortgages at the expense of everyone else who works for a living and are now suffering net inflation of 40,50,60 or 70% across the board in the past four years. The RBA barefaced lied about inflation and their attempts to subdue it. But now their hands are forced.
RBA has not done their job for 5 years<br><br>De facto bailout of property speculators and banks at the expense of fixed/low income and savers 😢
Trumps hit on Iran is going to continue.<br> Oil is the nightmare !
Everything is just so dumb
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