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Cowboyinvestor

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03/05/22

14:43

Post #: 61174247
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Originally posted by tinnitus: ↑

Reserve Bank lifts rates ahead of election
By Shane Wright and Rachel Clun

The Reserve Bank has lifted the official interest rate to 0.35 per cent, less than three weeks out from a federal election focused on the cost of living pressures being felt by households across the country.Following its May board meeting this afternoon, RBA governor Philip Lowe confirmed a 0.25 percentage point increase.

The Libs have lost control of the Economy .

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and yet Labor are planning to spend some $74.5 billion more as a result of election promises, on top of agreed government budget measures... Labor irresponsibility will result in a recession and bankruptcy rates increasing
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