Australians brace for highest cash rate in 15 years | ABC NEWS

Hopefully making it harder to feed my family lowers inflation, because our government ain’t gonna stop spending cash like it’s not theirs. Hopefully forcing people into mortgage distress opens the strait of Hormuz and lowers fuel and energy prices. Hopefully increasing taxes on citizens breaks up the supermarket monopolies who can charge what ever they want. This government is destroying this country through incompetence.

&quot;The Monetary Policy Board and Government agree that the Monetary Policy Board’s role within this is to focus on achieving sustained full employment, which is the current maximum level of employment that is consistent with low and stable inflation&quot;<br>Statement on the Conduct of Monetary Policy
<br>The Treasurer and the Monetary Policy Board
<br><br>If inflation is not low and stable - the employment mandate is moot. Please be honest.

Why is this man not taking accountability <br>Australians please do your research.<br>Despite the Iran war so many countries have better cost of living and lower inflation rate than Australia <br>HERE ARE TRUE DATA on inflation rates of other countries <br>1. China - 0.8%<br>2. Switzerland- 0.8%<br>3. Japan - 1.9%<br>4. France - 2.6%<br>5. Germany- 2.9%<br>6. Canada- 3.0%<br>7. Europe- 3.2%<br>8. US - 3.4%<br>9. Australia &gt; 3.5<br><br><br>Highest amongst all these major countries is Australia <br>And that&#39;s what Jim Chalmers is not telling you!!

Australians have seen their savings lose real value for years on end. Will we see price stability over time?<br><br>A failure to provide a real return on cash, is a transfer of wealth from those who save, to those who take on debt / risk.
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<br>If you choose to take on debt risk, you may see upside, but you should also face the downside. Not be bailed out at the expense of those who did not choose to take on risk.
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<br>A failure to maintain purchasing power, creates moral hazard, is a transfer of wealth from Australians savings to those who choose to take on debt / risk, incentivizes unproductive investment, creates overhead for Australians trying to preserve their earnings, creates uncertainty in market pricing, and further adverse financial conditions.
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<br>Australia does not have a house price mandate.
<br>It does have a price stability mandate.
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<br>Hopefully the property pillagers start accepting the mandates of the Australian financial system and understand that a neutral position is for Australians savings to provide a small real return.

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