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Ms Bullock explains cash flow, page-7

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AmbrosePethick

20,062 Posts.

06/09/24

10:58

Post #: 75557709
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Originally posted by alonso: ↑

The Reserve Bank Governor has chosen perhaps some academic language, or some.might say talking down, for mortgagees doing it tough.
Instead of explaining to them that, in the current environment, she understands many borrowers might be.finding it hard to make ends meet, she told them what they were experiencing was a cash flow problem and some might have to sell
Or am I being hyper critical?

https://www.abc.net.au/news/2024-09-05/rba-michele-bullock-more-australians-seeking-help-cost-of-living/104313588

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Not hyper.

However it is worth noting high interest rates (only) hurts mortgage holders, whereas high inflation hurts everyone, particularly the poor.
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