The Budget is all over, and just like many of the previous Budgets, it has almost disappeared from the news cycle, although there’s still some remnants that are being discussed, and the two big issue s are inflation and tax cuts—the Reserve Bank did raise interest rates during the week, and that’s the seventh consecutive interest rate rise—and the Reserve Bank Governor Phillip Lowe said that the rates will keep rising, although we have to remember he also said interest rates wouldn’t rise until 2024, and that was just a few months before the last election—and these interest rates rises are primarily being used to curb inflation.
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Ghosts of inflation, Lehrmann mistrial, a…
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The Budget is all over, and just like many of the previous Budgets, it has almost disappeared from the news cycle, although there’s still some remnants that are being discussed, and the two big issue s are inflation and tax cuts—the Reserve Bank did raise interest rates during the week, and that’s the seventh consecutive interest rate rise—and the Reserve Bank Governor Phillip Lowe said that the rates will keep rising, although we have to remember he also said interest rates wouldn’t rise until 2024, and that was just a few months before the last election—and these interest rates rises are primarily being used to curb inflation.