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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 slowing the economy through interest rate policy to bring down inflation, and ABC business editor Ian Verrender has broken down what that strategy is costing households and businesses. His analysis examines whether higher borrowing costs are doing more harm than good as mortgages, jobs and consumer spending all come under pressure.
Why now: Rate decisions are squeezing Australian households and there is active debate about whether the RBA's approach is too costly.
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) · 102.5K
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