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The increase has NOT been hard but the softest of the Western countries. It should be 6-7% by now.
Well, depends if you make money off Lowes decisions 😂
Someone has to sell for someone to buy it 🤷♂️
It's now Phillip High 🤣
Hes only doing exactly what hes told to do.
When is the trail for the bed wetting state premiers who blew billions for the sniffles? They caused this mess 😷🐑
Did anyone else in this forum study economics at school? One of the functions of monetary policy is to manipulate the value of our currency. And when you have debt levels, like Australia now does, it is critically important to maintain the value of the currency.
Everyone bangs on about the inflation rate and mortgage repayments and not a single person has stopped to think beyond that.
And everyone is hopping on board, bagging out Phillip Lowe and the RBA and no one seems to have any idea what the RBA's jobs are.
In short no it is not time for Philip Lowe to be fired.
Lol at "legal action". It arguably needs to be higher to combat inflation
Government deficit spending is for the most part responsible for inflation, government is the biggest recipient of newly created currency, (debt) therefore government needs to reign its spending and present a balanced budget, but this will never happen.
I think part of the problem is that he didn't come out swinging and calling out the media for misrepresenting him. Lowe was either happy for the media to make that spin or he and his team are genuinely that out of touch with what the public are exposed to. Either case was a fuck up on his behalf.
3 things you should never trust in life.
1. The MSM
2. Banks
3. Politicians.
As if changing the governor would make any difference. They all operate on the same principles. It's not a job for life, anyway. We get new governors every few years.
Getting everyone ready for a Universal Basic Income. Social credit scores inbound, with the programmable money.
My favourite one Heise. Saying the facts that no one wants to acknowledge. Curious as to what investment portfolios (how many houses) those MPs have.
“The real argument should be supporting the lockdown”
What a load of crap. Interest rates were at 0.75% BEFORE the pandemic even started. A year 5 primary school kid could work out that this is way too low. Lowe is a clown and should resign.
Global issue
Scomo….. "Buy a house ya mug"
No . We need high rates to clean up the zombie company's and home loans that should not have been given .
Flo rian rider
Philip Lowe did not set the policies of low wages for the last decade. He was ignored in the years where he urged the LNP government to take measures to increase wages. He was the goalie in a reckless LNP soccer team that let the economic conditions put us in the circumstances we now find ourselves in.
We need a royal commission in govt corruption, hisser u are soft as fuck
Soft as fuck
that's sounds a bit antisemitic bro
Didn’t hear anyone complaining when we took rates the last ten years from 4 percent to near zero just a lot of talk about how wealthy everybody was now it’s time to pay the piper
We should be @ 4.5% by now we are being screwed by it being lower inflation is killing ordinary Aussies
Mate you are right people just listened to the media they have no idea how the real world works and the politicians talk rubbish as a currency trader I can assure you when the FED speaks all the reserve banks in the world take note and have to comply,even the bank of China the RBA had no choice but to raise rates, our dollar would collapse and everyone would be paying a fortune for everything as we import everything do you want 40 cents to the dollar and pay
$3 per litre fuel
People are stupid 😂
He gets the blame and the government is throwing a tonne of cash at the economy and put in place supply constraints through lockdowns which are still contributing to our inflation.
I am happy the rates have normalised.