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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, and business commentator Ian Verrender examines what that means for households and the wider economy. His analysis, aired on the ABC's The Business, weighs the bank's fight against inflation against the mounting costs of higher borrowing, slower growth and pressure on mortgage holders.
Why now: The RBA's interest rate decisions are squeezing households and businesses, making the trade-off between curbing inflation and causing economic pain a live debate.
Reserve Bank of AustraliaIan VerrenderABCThe Business
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- RBA is engineering an economic slowdown but at what cost? Ian Verrender explains | The Business · ABC News (Australia) · 103.8K
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