#rba — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #rba, aggregated by home.social.
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And finally (well, maybe not, let’s see how the evening will pan out) here is #GregJericho going hoarse for having to repeat himself so often before peeps (including politicians and #NeoLiberal economists) finally get the message.
“It’s quite incredible just how consistently wrong the Reserve Bank has been about the economy this year. And today’s unemployment figures for April reveal once again how utterly detached from the reality of the economy those running our central bank are.”
I’m not convinced the #RBA ‘s functions need to be brought back under govt control, but I am convinced that the present composition of the #RBABoard needs another sweep of the broom and more changes in the appointment process.
I make no appologies for quoting so much of what is produced by the #AustraliaInstitute and its usual contributors. After all, they are a lone voice of rationality in our chaotic neoliberal economic fiasco and one of the few think tanks concerned with every day Australian’s welfare.
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And finally (well, maybe not, let’s see how the evening will pan out) here is #GregJericho going hoarse for having to repeat himself so often before peeps (including politicians and #NeoLiberal economists) finally get the message.
“It’s quite incredible just how consistently wrong the Reserve Bank has been about the economy this year. And today’s unemployment figures for April reveal once again how utterly detached from the reality of the economy those running our central bank are.”
I’m not convinced the #RBA ‘s functions need to be brought back under govt control, but I am convinced that the present composition of the #RBABoard needs another sweep of the broom and more changes in the appointment process.
I make no appologies for quoting so much of what is produced by the #AustraliaInstitute and its usual contributors. After all, they are a lone voice of rationality in our chaotic neoliberal economic fiasco and one of the few think tanks concerned with every day Australian’s welfare.
-
And finally (well, maybe not, let’s see how the evening will pan out) here is #GregJericho going hoarse for having to repeat himself so often before peeps (including politicians and #NeoLiberal economists) finally get the message.
“It’s quite incredible just how consistently wrong the Reserve Bank has been about the economy this year. And today’s unemployment figures for April reveal once again how utterly detached from the reality of the economy those running our central bank are.”
I’m not convinced the #RBA ‘s functions need to be brought back under govt control, but I am convinced that the present composition of the #RBABoard needs another sweep of the broom and more changes in the appointment process.
I make no appologies for quoting so much of what is produced by the #AustraliaInstitute and its usual contributors. After all, they are a lone voice of rationality in our chaotic neoliberal economic fiasco and one of the few think tanks concerned with every day Australian’s welfare.
-
And finally (well, maybe not, let’s see how the evening will pan out) here is #GregJericho going hoarse for having to repeat himself so often before peeps (including politicians and #NeoLiberal economists) finally get the message.
“It’s quite incredible just how consistently wrong the Reserve Bank has been about the economy this year. And today’s unemployment figures for April reveal once again how utterly detached from the reality of the economy those running our central bank are.”
I’m not convinced the #RBA ‘s functions need to be brought back under govt control, but I am convinced that the present composition of the #RBABoard needs another sweep of the broom and more changes in the appointment process.
I make no appologies for quoting so much of what is produced by the #AustraliaInstitute and its usual contributors. After all, they are a lone voice of rationality in our chaotic neoliberal economic fiasco and one of the few think tanks concerned with every day Australian’s welfare.
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@John
Note the #RBA won’t be happy until it hits 4.7 or greater. A lot of good that will do to rein in #GriftFlation . -
Reserve Bank worries about inflation pressures building, risk of a recession
The Reserve Bank is growing increasingly anxious about price pressures building in the economy. Speaking in Sydney today,…
#Economy #Budget #CGT #FederalReserveSystem #Inflation #interestrates #iranwar #petrol #ratehike #RBA #recession #reservebank #riskofrecession #sarahhunter
https://www.europesays.com/3002100/ -
Australia’s interest rate rise comes as other countries maintain theirs. Why?
While Australian mortgage holders are grappling with rising repayments, some countries have not seen…
#Economy #australia #BankofEngland #BankofIndonesia #BankofJapan #business #costofliving #economic #Indonesia #Inflation #interest #interestrates #japan #JeromePowell #newzealand #outlook #prices #property #rates #RBA #reservebank #ReserveBankofAustralia #UnitedKingdom #UnitedStates
https://www.europesays.com/2998690/ -
https://www.europesays.com/uk/967381/ Australia’s interest rate rise comes as other countries maintain theirs. Why? #Australia #BankOfEngland #BankOfIndonesia #BankOfJapan #Business #CostOfLiving #economic #Economy #Indonesia #Inflation #interest #InterestRates #Japan #JeromePowell #NewZealand #outlook #Prices #property #rates #rba #ReserveBank #ReserveBankOfAustralia #UK #UnitedKingdom #UnitedStates
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Housing market ‘levelling out’ as interest rate hikes place pressure on buyers
Elevated interest rates have trimmed the borrowing capacity of prospective home buyers, as many agents report the housing…
#Economy #auction #business #Houseauction #Housingmarket #interestrates #ratehike #rates #RBA #realestate #SouthAustralia
https://www.europesays.com/2977242/ -
https://www.europesays.com/uk/948368/ Housing market ‘levelling out’ as interest rate hikes place pressure on buyers #Auction #Business #Economy #HouseAuction #HousingMarket #InterestRates #RateHike #rates #rba #RealEstate #SouthAustralia #UK #UnitedKingdom
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Markets Ignore Geopolitical Risks, Chase AI Rally, and Dump Dollar https://www.byteseu.com/2004522/ #aud #Australia #BOC #CAD #Canada #CHF #DXY #Geopolitics #Iran #NASDAQ #nikkei #RBA #stocks #UnitedStates #USD
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As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
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As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
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As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
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As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
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As expected, #GregJericho does not mince his words in his latest criticism of the #RBA. In fact, he shows the RBA for what it truly is, a proxy for the #BCA (Business Council of Australia), the all powerful #NeoLiberal #Lobby.
“the RBA really does not give one damn about inflation or even “inflationary expectations”. Truly – Michele Bullock has belled the cat on this now that she has admitted raising interest rates has nothing to do with inflation.
All the RBA cares about is wages growth – they do not, under any circumstances, want workers to think they should be getting a decent wage rise.
Company profits? Oh gosh, well, those need to remain strong. Bullock told reporters that companies should raise their prices to cover costs, because otherwise, in her words, “they would go bust”.
Read more: https://thepoint.com.au/opinions/260506-rbas-decision-to-raise-rates-hurts-australians-for-no-reason
#TaxTheRich #AusPol #JoinYourUnion #WorkersUnite #NoMoreBillionaires #RegulateTheMarkets #DisempowerTheBanks #ProgressiveLegislationNow #TaxReformNow
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https://www.europesays.com/uk/942791/ What if we used taxes or superannuation to control inflation, not just interest rates? #Business #CentralFiscalAuthority #Economy #gst #Inflation #InflationTargetting #InterestRates #lever #MacroeconomicPolicy #MicheleBullock #MonetaryPolicy #NicholasGruen #PhilipLowe #RateRise #rba #ReserveBank #ReserveBankOfAustralia #SaulEslake #Tax #Tool #UK #UnitedKingdom
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What if we used taxes or superannuation to control inflation, not just interest rates?
Would you rather hand over an extra $300 a month to your bank or the federal govern…
#NewsBeep #News #Economy #Business #CentralFiscalAuthority #GST #Inflation #inflationtargetting #interestrates #lever #MacroeconomicPolicy #MicheleBullock #monetarypolicy #nicholasgruen #PhilipLowe #raterise #RBA #reservebank #ReserveBankofAustralia #SaulEslake #Tax #tool #UK #UnitedKingdom
https://www.newsbeep.com/uk/570002/ -
‘Governed by idiots’: Tom Elliott unloads on Australia’s political leaders after Victorian budget, RBA rate hike
Melbourne radio host Tom Elliott has hit out at Australia’s political leadership, claiming the nation is being “run…
#NewsBeep #News #Australia #3AW #AU #elliott #RBA #ReserveBank #Victoria
https://www.newsbeep.com/au/653038/ -
‘Governed by idiots’: Tom Elliott unloads on Australia’s political leaders after Victorian budget, RBA rate hike
Melbourne radio host Tom Elliott has hit out at Australia’s political leadership, claiming the nation is being “run…
#NewsBeep #News #Australia #3AW #AU #elliott #RBA #ReserveBank #Victoria
https://www.newsbeep.com/au/653038/ -
Reserve Bank Elevates Interest Rates to 4.35%, Citing Inflationary Pressures
Australia's interest rate is now 4.35%. This affects mortgage costs for homeowners. The RBA raised it again to fight rising prices.
#RBA, #InterestRates, #AustraliaEconomy, #Inflation, #MortgageRates
https://newsletter.tf/australia-interest-rate-rises-to-4-35-percent/
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Reserve Bank Elevates Interest Rates to 4.35%, Citing Inflationary Pressures
Australia's interest rate is now 4.35%. This affects mortgage costs for homeowners. The RBA raised it again to fight rising prices.
#RBA, #InterestRates, #AustraliaEconomy, #Inflation, #MortgageRates
https://newsletter.tf/australia-interest-rate-rises-to-4-35-percent/
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Reserve Bank Elevates Interest Rates to 4.35%, Citing Inflationary Pressures
Australia's interest rate is now 4.35%. This affects mortgage costs for homeowners. The RBA raised it again to fight rising prices.
#RBA, #InterestRates, #AustraliaEconomy, #Inflation, #MortgageRates
https://newsletter.tf/australia-interest-rate-rises-to-4-35-percent/
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Reserve Bank Elevates Interest Rates to 4.35%, Citing Inflationary Pressures
Australia's interest rate is now 4.35%. This affects mortgage costs for homeowners. The RBA raised it again to fight rising prices.
#RBA, #InterestRates, #AustraliaEconomy, #Inflation, #MortgageRates
https://newsletter.tf/australia-interest-rate-rises-to-4-35-percent/
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The Reserve Bank of Australia has raised its interest rate to 4.35%. This is the third time this year and makes borrowing money more expensive for people with home loans.
#RBA, #InterestRates, #AustraliaEconomy, #Inflation, #MortgageRates
https://newsletter.tf/australia-interest-rate-rises-to-4-35-percent/ -
The Reserve Bank of Australia has raised its interest rate to 4.35%. This is the third time this year and makes borrowing money more expensive for people with home loans.
#RBA, #InterestRates, #AustraliaEconomy, #Inflation, #MortgageRates
https://newsletter.tf/australia-interest-rate-rises-to-4-35-percent/ -
The Reserve Bank of Australia has raised its interest rate to 4.35%. This is the third time this year and makes borrowing money more expensive for people with home loans.
#RBA, #InterestRates, #AustraliaEconomy, #Inflation, #MortgageRates
https://newsletter.tf/australia-interest-rate-rises-to-4-35-percent/ -
The Reserve Bank of Australia has raised its interest rate to 4.35%. This is the third time this year and makes borrowing money more expensive for people with home loans.
#RBA, #InterestRates, #AustraliaEconomy, #Inflation, #MortgageRates
https://newsletter.tf/australia-interest-rate-rises-to-4-35-percent/ -
Central Bank Lifts Rates Again, Inflation Concerns Linger
Australia's RBA raised its cash rate to 4.35%, the third hike this year. This impacts mortgage holders, with monthly payments rising by $117 for an average loan.
#RBA #InterestRates #InflationAustralia #MortgageRates #AustralianEconomy
https://newsletter.tf/rba-raises-cash-rate-to-4-35-percent-australia/
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The Reserve Bank of Australia has increased its cash rate to 4.35%, marking the third rise this year and the highest in 18 months. This move is expected to add about $117 to monthly mortgage repayments for many Australians.
#RBA #InterestRates #InflationAustralia #MortgageRates #AustralianEconomy
https://newsletter.tf/rba-raises-cash-rate-to-4-35-percent-australia/ -
@Bot4Sale
#Labor already has made some changes to the #RBA Board composition in the hope of bringing a more diverse set of competencies (not sure if it is working or not — haven’t paid much attention to that). As for financial levers, ‘printing’ money, setting the Cash rate, regulating banking and issuing Bonds is the extent of their economic toolkit. They have one main job and that it to manage inflation (though the arbitrary 2% to 3% set range is ludicrous in my view). There are other responsibilities which complete the monetary policy portfolio but they don’t have as major an impact on inflation. The problem is the RBA’s steadfast application of #NeoLiberal (aka neo-classical) economic thinking and the #NAIRU (non-accelerating inflation rate of unemployment - wikipedia). Modern Money Theory (#MMT) would do away with the separtion of economic responsibility and bring the RBB back into govt control.Again, happy to have any economist jump in to correct my assumptions and understanding.
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@Bot4Sale
#Labor already has made some changes to the #RBA Board composition in the hope of bringing a more diverse set of competencies (not sure if it is working or not — haven’t paid much attention to that). As for financial levers, ‘printing’ money, setting the Cash rate, regulating banking and issuing Bonds is the extent of their economic toolkit. They have one main job and that it to manage inflation (though the arbitrary 2% to 3% set range is ludicrous in my view). There are other responsibilities which complete the monetary policy portfolio but they don’t have as major an impact on inflation. The problem is the RBA’s steadfast application of #NeoLiberal (aka neo-classical) economic thinking and the #NAIRU (non-accelerating inflation rate of unemployment - wikipedia). Modern Money Theory (#MMT) would do away with the separtion of economic responsibility and bring the RBB back into govt control.Again, happy to have any economist jump in to correct my assumptions and understanding.
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@Bot4Sale
#Labor already has made some changes to the #RBA Board composition in the hope of bringing a more diverse set of competencies (not sure if it is working or not — haven’t paid much attention to that). As for financial levers, ‘printing’ money, setting the Cash rate, regulating banking and issuing Bonds is the extent of their economic toolkit. They have one main job and that it to manage inflation (though the arbitrary 2% to 3% set range is ludicrous in my view). There are other responsibilities which complete the monetary policy portfolio but they don’t have as major an impact on inflation. The problem is the RBA’s steadfast application of #NeoLiberal (aka neo-classical) economic thinking and the #NAIRU (non-accelerating inflation rate of unemployment - wikipedia). Modern Money Theory (#MMT) would do away with the separtion of economic responsibility and bring the RBB back into govt control.Again, happy to have any economist jump in to correct my assumptions and understanding.
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@Bot4Sale
#Labor already has made some changes to the #RBA Board composition in the hope of bringing a more diverse set of competencies (not sure if it is working or not — haven’t paid much attention to that). As for financial levers, ‘printing’ money, setting the Cash rate, regulating banking and issuing Bonds is the extent of their economic toolkit. They have one main job and that it to manage inflation (though the arbitrary 2% to 3% set range is ludicrous in my view). There are other responsibilities which complete the monetary policy portfolio but they don’t have as major an impact on inflation. The problem is the RBA’s steadfast application of #NeoLiberal (aka neo-classical) economic thinking and the #NAIRU (non-accelerating inflation rate of unemployment - wikipedia). Modern Money Theory (#MMT) would do away with the separtion of economic responsibility and bring the RBB back into govt control.Again, happy to have any economist jump in to correct my assumptions and understanding.
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Interest rate rises push employed people and young families into mortgage stress
More than 65,000 Austr…
#Economy #Budget #business #debthelpline #Finance #financialcounsellors #financialpressure #financialstress #homeowner #housing #increaserepayments #Inflation #interestrates #MicheleBullock #MORTGAGE #mortgagerates #mortgagestress #officialcashrate #ratedecision #ratehike #RateHikes #raterise #RBA #RBAgovernor #recession #repayments #ReserveBankofAustralia
https://www.europesays.com/2968668/ -
RBA Ratchets Up Rates Amid Persistent Inflationary Pressures
The RBA raised interest rates to 4.35% in Australia. This affects borrowing costs for people and businesses due to ongoing inflation.
#RBA, #InterestRates, #AustraliaInflation, #Canberra, #Economy
https://newsletter.tf/australia-rba-rate-hike-inflation-4-35-percent/
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Australia's interest rate is now 4.35%, the highest in 18 months. This is the third rate hike this year.
#RBA, #InterestRates, #AustraliaInflation, #Canberra, #Economy
https://newsletter.tf/australia-rba-rate-hike-inflation-4-35-percent/ -
https://www.europesays.com/uk/940048/ Interest rate rises push employed people and young families into mortgage stress #Budget #Business #DebtHelpline #Economy #Finance #FinancialCounsellors #FinancialPressure #FinancialStress #Homeowner #Housing #IncreaseRepayments #Inflation #InterestRates #MicheleBullock #mortgage #MortgageRates #MortgageStress #OfficialCashRate #RateDecision #RateHike #RateHikes #RateRise #rba #RBAGovernor #Recession #repayments #ReserveBankOfAustralia #UK #UnitedKingdom
