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RBA's engineered slowdown: what is the cost?
Original: RBA is engineering an economic slowdown but at what cost? Ian Verrender explains | The Business
The Reserve Bank of Australia is deliberately slowing the economy through interest rate increases to bring down inflation, and ABC business editor Ian Verrender examines the price being paid for that policy. The analysis weighs the RBA's inflation-fighting goals against rising pressure on households, jobs and growth, questioning how much economic pain is justified and who bears the burden of the bank's tightening campaign.
Why now: Australians are watching interest rate decisions closely as cost-of-living pressures and mortgage repayments climb.
Reserve Bank of AustraliaIan VerrenderABC NewsAustralia
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- RBA is engineering an economic slowdown but at what cost? Ian Verrender explains | The Business · ABC News (Australia) · 101K
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