@AmbrosePethick
"Confirming that Labor is well on its way to destroying the economy.". ........ how do you reckon this?
the reasons for the rise include a range of factors:
- returning to 'normal' levels of interest after the emergency lows the world had to use to manage the covid recession
- risk of falling AUD due to lower than other nations' interest rates
- depressing inflationary pressures
- providing some returns to interest-bearing deposits which many on pensions rely upon
etc.....
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- Interest Rate rises 0.5%
Interest Rate rises 0.5%, page-61
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