this is where the 2 speed economy really hurts Australia
increase rates and small business suffers, retail suffers, property suffers...and the AUD continues to appreciate which smashes the non resource export sector
but if rates are put on hold or reduced the AUD will devalue and inflationary pressures which are already building will be let loose
I think a mining resource tax would have been the best way to try and limit what is now happening, unfortunately it was imo structured poorly and the selling of it even worse.
The RBA and the Treasurer have a few headaches because a lot of businesses are struggling.
