Australia reserve bank interest rate

As Australia reels from the Reserve Bank's latest double-whammy interest rate hike, there are rising fears that the economy is in serious trouble, ...

“It sounds a bit heartless because recessions raise unemployment, but if inflation gets out of control, unemployment could be higher for a longer period.” “They’re raising rates because inflation is high and seems to have gotten worse since May when they started [raising rates], particularly with power price increases. So why is the RBA doing this to us? “But in the 1970s there was a Misery Index which rated inflation and unemployment and found inflation was as hated as unemployment – unemployment only affects the unemployed, but inflation affects everyone.” New to Flash? Try 1 month free. Stream more finance news live & on demand with Flash. 25+ news channels in 1 place.