This week, the RBA raised rates for the 8th straight month.
To change the price of money so rapidly is sheer madness.
It’s even worse when the RBA said inflation wouldn’t rise until 2024 and then say that rates wouldn’t increase based on that forecast.
Given their obscene money printing, what did they expect. If these people are experts then god help us.
Needless to say it’s a reflection of just how little accountability there is that the RBA governor still collects his $1 million pay check.
It’s a joke that he says he is accountable to parliament. I certainly never voted for him and neither did you.
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‘Sorry’ from the RBA won’t help people now under mortgage stress
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