Rumour RBA is permitting interest rates to rise

If the RBA is going to go against both State & federal governments' policy of helping first home buyers with grants and stamp duty concessions and if RBA permits the doubling and tripling of interest rates then that will be very bad for our overall economy.

Employers would agree that higher interest rates could SHOCK the economy to a standstill, so the only way employers can help is to freeze employing any more workers and stop advertising for new staff which might be the main fear the RBA have will cause excessive inflation and the usual reason to start increasing interest rates.

What do other readers say?