Researching interest rate history and inflation back in 1951 inflation in Australia was 23.5% and cash rate was 2.25% and a Korean war so how did the govt reduce inflation back then? House prices did increase in 1950 by 132.5% as Govt did cap housing prices in 1950 Interest rates did not reach 3% range until 1960 Interest rates were not the tool to reduce inflation so why now?
