The RBA's Interest Rate BLUFF... #shorts #australia #inflation
By Scott Kuru
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The RBA is talking tough on interest rates for a reason. If households and businesses believe another rate rise is coming, we tighten our belts. We borrow less. We spend less. Businesses become more cautious. That alone can help take pressure off inflation without the RBA actually raising rates. It’s called “jawboning”. But here’s the bigger issue. The RBA can control the price of money. It can’t fix Australia’s productivity problem. And in my view, that’s the economic challenge we should be far more worried about for the next generation.
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