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

Hahahaha get a grip.

First 9 Last

Share
Profile

Follow
Verminski

7,608 Posts.

171

15/06/22

07:25

Post #: 62003525
Share

Originally posted by benson1610: ↑

Thats funny I was about to post 'sack the rba'.
Why would the rba put up interest rates when the current inflation is due to rising energy prices which effects every part of the economy.
Interest rate hikes will not control this type of inflation/energy prices..
Business and the consumer are already on their knees not that the rba would understand from their ivory tower ,there about to chop the heads off both.
The rba has a track record of economic distrc=uction from rba quote 'careful what you wish for' regarding the call by industry to reduce the AUD from $1.05 ,then maybe 12 months later the same rba was saying at approx .95 the AUD was still to high.rba said a high dollar was good for overseas travel and cheap imports.
The rba has full control of lending stds,they should never have let banks lend 100% on home loans,it never made any sense.etc etc.
Both the US fed and rba have a history of stuffing up economic policy which we already have our govts employed to do.

Expand

Hahahaha get a grip.
Upvote

Reply

Top Stories

Monday's HotCopper trends: Northern Star forecast, AML3D Navy handshake | July 7

AII

Inside the depths of Panasqueira: A legacy carved in rock

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

ASX Market Close: Trump tariffs paused til August; CBA falls below $300B

First 9 Last

SPONSORED BY