‘Hanging in there’: RBA trying to preserve employment gains from the pandemic
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- Опубликовано: 8 июл 2024
- The RBA is “trying to be cute” by attempting to preserve the gains in employment from the pandemic and “not crush the economy”, says Judo Bank chief economist Warren Hogan.
“But they’re doing a great job,” Mr Hogan told Sky News Business Editor Ross Greenwood.
“Because the economy’s actually hanging in there pretty well.”
This government has small business on its knees.
RBA still sitting on it's hands not willing to do their job and lower inflation.
Unemployment rate is already going up. Seek have stated job ads have decreased by 1.5%. Because of inflation, small businesses are making the most revenue ever, but the lowest profits ever. Except for Coles and Woolworths, their price gauging everything.
Excellent interview Ross….
every single country like the America, UK , Canada are either dropped rate already or planned to drop rate very soon. If Australia is planning to restart the rate hike cycle it will be a laughing stock for the rest of the world. i think restarting a rate hike cycle is a huge thing and it would damaging the RBA/ Gov reputation
If rba saw the inflation go up and do nothing that would be a disaster not only a joke.
@ev132-e2h remember alot of important voting is going to happen this year and next year:
*NSW election 14 Sep 24
*QLD election 26 Oct 24
*Federal election 27 sept 25
Labor party is in trouble especially with VIC being a state with debt owing that they gotta hike taxes and fees to people loving there.
@ev132-e2h you just can't rely on Rba to do all the dirty work. There are lots of ways to put down the cpi. Like cancel the negative gearing, rent cap lots of policy can be make beside only hiking rate
Only tool RBA have os a hammer ( interest rates)
Every issue is delt in the same way by raising interest rates
Recession here we come
The RBA is sacrificing the Australian economy to hold up the housing market.
Give it a rest, we all know it’s a bubble and over valued, LET IT FALL.
Rate hikes aren’t the only answer. Seriously what is wrong with these people. All that does is hurt your future self funded retirees meaning first home buyers and people that are newer to the market now.
Look into the key contributors to inflation ie Woolworths and Cole’s, energy and our energy infrastructure or late there of and our banks.
Instead of forcing rate hikes why not instigate compulsory super contributions of 5% that has to come out of the employee pay package instead of being paid by the business and spread the pain.
Better yet revise our borrowing infrastructure to mirror most other countries I.e fixed for the life of the loan. That will stop people from going bankrupt when the rba and government don’t have the collective creative intelligence to consider a solution to inflation outside of rate hikes.
If business conditions are dropping thats good news for inflation as no business will raise prices unnecessarily as it will see them lose customers. Up until now its been affecting customers now its affecting businesses.