this post was submitted on 14 Jul 2023
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Australian Politics
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And sadly people don't understand that the RBA has no way to change how the pain is distributed. If that's what people are upset about, it's the government they should direct that at.
What's that, you want government to make it worse? Here, have some stage 3 tax cuts.
Govt can affect monetary policy?? No way !!
Exactly. The RBA can do exactly 1 thing to try and curb inflation - raise interest rates. It's literally their only move.
The government are the ones that need to be doing more to combat inflation. It shouldn't be up to the RBA to try and lower inflation.