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06/09/2024
High interest rates combined with four consecutive quarters of negative growth is unprecedented. While banks profit from your money, it doesn’t help reduce inflation. The silver lining? High rates are tax-deductible, and they also drive up rents and property prices.
Independent Economist Clifford Bennett believes the RBA has “failed” for many years on Australia’s monetary policy. RBA Governor Michele Bullock has answered ‘no comment’ to questions about tensions between her and the federal government, namely Treasurer Jim Chalmers. “The RBA does a lo...