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Rate rise impending today - Still yet to see the government take action, page-2

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Cowboyinvestor

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07/03/23

12:21

Post #: 66642062
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Originally posted by Cowboyinvestor: ↑

9th rate rise since the May 2022 election last year impending today, with the markets predicting a 25 basis point rise to see the official cash rate at 3.5%.

This represents in increase of some 40% to mortgage repayments across the country, further damaging the household budgets to compound the effects of rising inflation.

Questions need to be asked of the government.

When are they going to take deliberate action against rising inflation?

When are they going to rein government spending in?

When are they going to begin to govern and place downward pressure on inflation through fiscal policy?

Fail to take action and more and more Australian families will begin to struggle, going backwards under this governments reign.

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