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RBA engineering an economic slowdown, but at what cost?
Original: RBA is engineering an economic slowdown but at what cost? Ian Verrender explains | The Business
The Reserve Bank of Australia is deliberately tightening monetary policy to slow the economy and curb inflation, and ABC business analyst Ian Verrender has examined what that means for households and businesses. He explains the trade-off: higher interest rates are cooling price growth but pushing up mortgage costs, raising the risk of a sharper downturn or recession.
Why now: Australians are feeling the pinch of rate rises and want to know what the RBA's slowdown strategy will cost them.
Reserve Bank of AustraliaIan VerrenderABCAustralia
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- RBA is engineering an economic slowdown but at what cost? Ian Verrender explains | The Business · ABC News (Australia) · 103.1K
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