Yep, little discussion on Hot Copper of the first interest rate hike in 12 years.
If the RBA were not idiots they'd raise rates by 0.40% today. Its at emergency 0.10% for crying out loud with unemployment at 4 per cent and inflation over 5 per cent (and rising).
They will cop out for a measely 0.15%+ and perpetuate the debt cycle they themselves created. It is a joke that rates were not raised from emergency levels by Central banks in 2021 with rising inflation and markets. Now they will cause the global recession by having to raise rates when inflation forces them too and the mkt/economy least needs it.
A universal ignoring of basic monetary lag taught in Finance 101.
