Australia's largest stock trading and investment forum Australia's #1 stock forum

Interest rates going higher, page-1086

First 1086 Last

Share
Profile

Follow
Forged

12,641 Posts.

138

06/06/23

09:26

Post #: 68146534
Share

Originally posted by blueballs ↑

How else you going to reduce inflation ?

To kill inflation you need to get on top of it hard and early....sure there will be problems from raising rates that create more inflation but that wont be as long lived

The biggest weighting in the CPI is rent, every time they raise rates and cost Joe blow $100 a week he passes on a $50 rate rise...everyone loses expect those who own their homes...unless the values of their homes keep falling which you would think is a logical conclusion

I think the RBA is forecasting 10% raise in rents this year, that alone should equal a few more rate rises...off top of my head another 1.5% increase

Expand

High inflation & high interest rates actually benefiting those who are fully owned their houses (1/3 of population), while enjoying higher term deposit interest rates in the banks on the side.

Happy days for the 1/3 social class bracket..
3 Upvote

Reply

Top Stories

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

NWH

NRW Holdings voted Wealth Within's hot stock tip

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

There are more pages in this discussion • 751 more messages in this thread...

First 1086 Last

SPONSORED BY