Image from ABC News
Dr Isaac Gross, Department of Economics, Monash Business School suggests that:
“The RBA held interest rates steady today as they await for the next set of quarterly inflation figures to see where the Australian economy is heading. January’s inflation numbers were very low, and if that were to be repeated in April’s numbers interest rate cuts would follow quickly. However the RBA is still concerned that they might have been a one off result and so will wait until their next meeting in May before committing to another cut.
“The big elephant in the room is Trump’s tariffs due to be announced this week. Nobody knows how big they will be, who they will target and if other countries will retaliate. But the RBA will be watching carefully to see if this tariff tiff poses a substantial risk to the Australian economy.”
Read more of Dr Gross’ commentary here: Monash Lens
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I am more convinced that ever that the RBA is run by the Liberal Party.
Dutton must be sooooo fucking happy.
Meanwhile, each and every day, someone, through no fault of their own, loses their home, unable to pay the higher rate of interest on their mortgage.
It's surely designed by the money men for the money men, ensuring they don't lose. They have an instrument for all occasions, and the propaganda to go with it, after all they wouldn't want stranded assets. For the ordinary punter rightly immersed in toil, once beguiled, there's no manumission.
The money men's capital is a chimera, and so, as they accumulate, they neglect the nature of things, the inevitable entropy. Their fixated efforts to understand and control the beast beguiles them. Blinkered, and without care for all things, their accumulations crumble, so they manufacture convenient blame and go to war. Regardless of the waste, with hubris they rebuild. Such is the circularity of capture by fraudulent and lesser gods.
With the impulse to make provision for progeny, there's a limit to toil, so the quest for accumulation is ignited. It's ubiquitous, so of course it's within the money men's calculus, and perhaps their foundational capture that's now coming apart at the seams.