Economists keep saying that #interestrates are a blunt tool, but it's the only one that the #rba has.

Well, give them more tools.

#superannuation savings rate, #fuelexcise etc.

They look at spending data more closely than politicians #auspol

Crossposted with @openvibe.social

AI może być bańką i nie zwiększa produktywności w Australii, mówi Michele Bullock

https://news.uluru.space/article/24401?utm_source=bluesky&utm_medium=social&utm_campaign=auto #Ai #Rba #Inflacja #Domy

🇦🇺 Australia’s Big Four are all calling for an RBA hike, yet AUD/USD is still stuck around 0.71. Feels like the market heard the hawkish story early and already spent most of the move. www.ebc.com/forex/aud-us... #AUDUSD #RBA #AustralianDollar #Forex

RBA ostrzega, że wyższe stopy procentowe mogą stać się nową normą

https://news.uluru.space/article/24349?utm_source=bluesky&utm_medium=social&utm_campaign=auto #StopyProcentowe #Rba #PolitykaMonetarna

CBA and ANZ both tipping an RBA rate hike — and oil just fell for a fourth day on steady Saudi supply. The full picture in today's Market at 7: https://market7.financialregister.com.au/p/cba-anz-join-banks-tipping-rba-rate-hike-next-week #RBA #rates

Australia’s Reserve Bank (RBA) = idiots. The RBA is a govt-created body that exists so that governments can deflect blame. The RBA intends to raise interest rates because Trump’s war (Iran), and data-centre developments are causing inflation. #RBA #Australia #stupid

Wyższe stopy procentowe stają się nową normą

https://news.uluru.space/article/23962?utm_source=bluesky&utm_medium=social&utm_campaign=auto #StopyProcentowe #Inflacja #Rba

Which is an excellent argument for eradicating it as it will lift #economic productivity as well as give people time to support family and community.
#RBA
#auspol

More BS from the #RBA.

"Addressing a House of Representatives economics committee yesterday, Bullock said the Middle East conflict, the AI boom and extreme weather events were pushing up prices."

So they'll raise interest rates, which will address none of these factors.

#auspol

Editorial criticizes Chalmers for deflecting blame on Middle East conflict amid inflation concerns

🤖 IA: It's not clickbait ✅
👥 Users: It's not clickbait ✅

#inflation #governmentspending #rba

👇👇👇

"RBA warns inflation risks starting to materialise"

Oh, I know the solution to this! Let's do something that will put prices up even further! That'll fix inflation, right? .....right?

#auspol #RBA