Can't wait for the interest rates to go up to "curb our spending" on basic necessities. π
this post was submitted on 28 Apr 2026
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I've never really understood the rationale of increasing interest rates when inflation is being driven by international events rather than discretionary spending. Just seems dumb.
the RBA has two tasks (in setting interest rates, lots of other jobs though) , inflation in a narrow band and employment in a narrow band.
They have one tool to do that. Short of a significant uptick in unemployment, there is no choice left. The main way to bring inflation down is to crash the economy, they prematurely congratulated themselves for reducing inflation and keeping the economy ticking last time they rose rates and yet they didn't get it under control at all.
Inflation was high before the current Trump and Bibi tanty.
is the system poorly diesgned ? for sure and with this level of simplicity, we could do away with all this performative theatre and replace it with a spreadsheet.
Banks need more money to cover the losses they had when it middle east went pear shaped, again
/S
When the only tool you have is a hammer, everything looks like a nail.
Peace plans
snorts
I saw the Chief Economist from Westpac suggesting 3 more increases in a row.
Can the government put in place measures to stop companies from increasing the price more than inflation. Something like taking the yearβs profits.