"WRONG... The RBA has lifted Interest Rates = THIS will lower inflation and reduce spending."
I have yet to see that happening. Almost everything I buy has gone up in price. Most of what I sell has not. The history of interest rate rises is that it increases inflation as prices are increased to cover the costs. Same goes for wage rises. It is public servants that don't know what "productivity" actually is. I doubt you have the right interpretation of "productivity. As someone who buys and sells for a living, I am well aware of its effect on price on income and profit.
