Reserve Bank lifts rates for historic fourth consecutive month

through the past 12 months, driven by higher building and fuel prices.

At the same time, consumer confidence has continued to rise, going up for the third week in a row despite higher inflation.But ANZ head of Australian economics David Plank said sentiment remained very low and was vulnerable to more hikes from the RBA. Speaking before the RBA announcement, Treasurer Jim Chalmers said higher interest rates would make life harder for many Australians and the government had to make the RBA’s job “as easy as possible” when it came to taking heat out of the economy and bringing inflation down.

swrighteconomy rachelclun The salad days are over

swrighteconomy rachelclun A decade kicking the can down the road, money printing, cheap debt, driving inequality….the incompetence has finally caught up with central banks and it’s dragging the population down with them. Well done.

swrighteconomy rachelclun Time for this government to put its big boy pants on

swrighteconomy rachelclun Hopefully four more rises to go

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