‘Real smack in the face’: Did the RBA get it wrong?
RBA governor Michelle Bullock said high inflation left them with no choice, but others have slammed the call.
Australians are in for a world of pain, with mortgages and rents set to rise after our second interest rate hike in as many months.
Tuesday’s was a line-ball decision from the Reserve Bank – with five members voting for a quarter of a percent jump and four against – raising our official cash rate to 4.1 per cent.
RBA governor Michelle Bullock said high inflation left them with no choice, but others have slammed the call.
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Today, Australia Institute chief economist Greg Jericho on why he thinks the RBA has got it horribly wrong.
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