yes its a difficult task bringing down inflation and hoping to avoid recession.
that chart should have extended over 20 years to show that the economy was in a similar position, i.e. in per capita recession, pre-covid.
I recall posting about it in '19 but the right were quick to assure me that per capita meant nothing in terms of 'real' recession.
imo the RBA are dong as could as any other nation. what complicates the issue though is that most mortgages today are variable rate. we can't lock in an interest rate for longer than 3 years in Aus. very different elsewhere around the developed economies.
