example of damage which rba can cause, page-24

I dont think the whole saga can be blamed solely on rates.

I think the easy access to money really helped fuel the problem.
Also recently like no time before people were pulling equity out of there homes to buy consumer goods.

The storm was brewing for a while.

My main concern is the significant hiking of rates isnt going to do much to stop the food and oil led inflation that is being seen. Whilst its stopping spending its also really hurting alot of small business. These businesses have felt the effects since before the start of this year.

We need another way to stop people from spending their discretionary income? (believe me I am a 28 year old male I spend almost all of mine)

With such high levels of debt I think interest rates are going to do more damage in this cycle than before.

My 2c