Speaking of Albos lying mates
Inflation and higher taxes are eroding household incomes by triple as much as elevated interest rates, undermining Treasurer Jim Chalmers’ claim that the Reserve Bank of Australia’s monetary policy is “smashing” the economy.Analysis from market economists and the RBA show that household disposable income has been mostly squeezed by steep price rises for goods and services since the central bank imposed its first of 13 interest rate rises in May 2022.
-
