▶youtube BusinessBanking first seen 1 d ago, last 48 min ago, peak #7
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 rises to bring down inflation, and economics editor Ian Verrender examines the price households and businesses are paying for that policy. The analysis looks at higher mortgage costs, weaker growth and job risks, and questions whether the trade-off between curbing prices and damaging the economy is worth it.
Why now: Ongoing concern over interest rates, inflation and the threat of recession has Australians debating whether the central bank's tightening is doing more harm than good.
Reserve Bank of AustraliaIan VerrenderABC NewsAustralia
Evidence
- RBA is engineering an economic slowdown but at what cost? Ian Verrender explains | The Business · ABC News (Australia) · 102.7K
API: https://socialmediatrends-api.osmike.com/v1/trends/1485245