Why hiking interest rates would be no 'slam dunk' for the Reserve Bank
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- čas přidán 23. 07. 2024
- Macrobusiness Chief Economist Leith van Onselen has discussed why he thinks the prospect of the RBA hiking interest rates again is not a “slam dunk”.
“While last week's May CPI indicator was obviously not good news, and it was a shocker. the Reserve Bank minutes that were released today also noted they are concerned the Labor markets are weakening quicker than they expected,” Mr Van Onselen said.
“Given the RBA has a dual mandate on price stability and full employment its concerns around the Labor market will reduce the likelihood of rate hikes.”
Charlie Munger made an interesting comment just before he passed... we've had 40 years of interest rates going down, we will see 40 years of interest rates going up. I'll run with that theory thanks!
Full employment? We have more than 2.2 million temporary visa holders with working rights in Oz. How RBA, treasury and ABS differentiate between full employment for australians and full employment including foreigners in Australia?
2.75m temp visa people in Australia.
@@advanceaustralia9026 RBA boss said 2 years ago that we must preserve and protect created jobs. Well government funded jobs for 3rd world migrants do need protection. There's a collusion between Big Government, Business and Trade unions. Not sure we represents working australians. 🦘🇦🇺
Noting super is rising by 0.5% which is also taking away from the additional cash flow form tax cuts.
Inflation is out of control. The RBA should raise rates to normal levels 7-8%.
Says the baby boomer who has multiple properties paid off
7% is nothing, intrest rate should be 18% like it was in the 90s, or 30% like it was in the 70s.
Slam dunk for their pockets.
I PAID CASH 10K FOR 200 ACERS OF SWOMP . SO I DONT CARE ABOUT YOU STARVING FOOLS