Thats exactly right Yowie.More demand isnt really going to be a...

Thats exactly right Yowie.
More demand isnt really going to be a big driver at least not in the short term.
This from my local:
https://www.perthnow.com.au/business/markets/aussie-shares-plunge-ahead-of-federal-reserve-meeting-c-14507330

So it appears the RBA does one thing and the Government via tax cuts, lifting minimum wage and allowing aggressive immigration is doing another.

So currently, in Australia at least we are on economic thin ice and any major movement could end badly. So its not easy from this point in an economic cycle to ramp up demand, without too ramping up inflationary activity.

Which was why I supposedly had an "emotional rant" when I calmly and rationally assessed why our BoD moved ahead with ramp up. Its a very big gamble that prices will improve as a result of demand both macro and micro economically speaking.

AND BTW. This issue isnt locked to little old Australia.

Our central bank cash rate is actually quite lean compared to those of the likes of USA, Canada & NZ to name a few. So IF indeed the RBA does ultimately further raise cash rate it could spell a longer time before consumer spending is given green light.

An one has to also consider that an immediate increase in consumer spending on say EVs takes its time before it works its way up the supply chain to companies needing more spod for batteries etc....