Bite the pillow, Phil's going in dry.
Edit- I remain surprised, he's nibbling on my ear.
this post was submitted on 03 Jul 2023
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The RBA have not been gradual at all in their hiking of rates, and because inflation has stayed stubbornly high, I would say their is a high likelyhood of a rate rise to 4.35%. If not tomorrow, August. House prices went up this month!
In the Fin Review today some economist would are expecting several more rate rises, considering how steadfast the governor is on inflation at pegging it back down to 2.5%. If the government is adamant on stage 3 tax cuts though, who knows.
Sadness.
They still hold that the current situation is due to the proletariat overspending so they’ve only got one stick to use - interest rate increases. Personally I don’t think they don’t understand the role of “greed-flation”, it just doesn’t benefit them or the govt to try and tackle it.
From what I'm seeing we are exporting a lot of our money to other countries.
Another bump is my guess, sadly.
Another .25 I recon, make most variable home loan payments to around 6%, might suprise us though and stay steady
With how sticky core inflation is, they need to continue going I think (sadly).
Yes!
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