Ah, the classic “toe in the water” metaphor—because nothing instills confidence in economic policy quite like the image of the RBA tentatively poking at interest rates as if it’s unsure whether the water is freezing or boiling. But let’s be real: if the RBA is basing its moves on the late 70s and early 80s, then we should all be deeply concerned. That period was an economic rollercoaster of sky-high inflation, aggressive rate hikes, and policy miscalculations that make today’s challenges look like a warm-up act. More importantly, this comment wildly misrepresents what’s actually happening. The RBA isn’t gingerly testing the waters—it’s knee-deep in a slow-moving, overly cautious strategy that risks dragging out inflationary pressures while leaving borrowers guessing. If they were truly looking to the past for guidance, they have decades of fiscal policy experience that hesitation and half-measures often do more harm than good. So no, this isn’t some delicate toe-dipping exercise—it’s the RBA trying to walk a tightrope between inflation control and economic stability.
HCH Price at posting:
74.5¢ Sentiment: Buy Disclosure: Held
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