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Will the RBA be able to keep banks afloat as fixed loans switch to variable?, page-5

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dolcevita

31,541 Posts.

2102

02/05/23

23:31

Post #: 67574551
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Originally posted by happydayz: ↑

It isn't the RBA's position to look good, but to make monetary policy using interest rates, they will inevitably have to keep going up, or else in a few months time the inflation will get worse. There is no soft landing in all of this. Depression and Recession.

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Yes but a lot of the inflation is supply line created, not from excess demand.
It's a real mess.
The worst bit is the state of the housing market and affordable housing is an empty promise.
This has a long way to play out.
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