Inflation is going through the roof across the world. Even CJ wants a couple of hikes if you believe him.
The best the RBA can do is to delay the next hike but with every month that passes more inflationary pressure builds up.
The RBA is between a rock and a hard place.
The other problem is the bulls base everything on the false assumptions that rate cuts can undo the property crash. We all know where 0% rates have done nothing even after years.
Forget about 0%. At 2.5% cash rate, the AUD will be at 65 cents and a litre of petrol at $3.00
Imported inflation will add to the core inflation for a truely armageddon outcome.
