RBA will do ‘anything’ to delay or avoid rate hike

George Washington University Economist Professor Steven Hamilton says the Reserve Bank will “do anything” to avoid an interest rate hike despite there being reason to.
Dr Hamilton’s comments follow the unemployment rate decline to four per cent in May.
“I think there was already a case for a hike,” Mr Hamilton told Sky News Australia.
“I think the RBA is going to do anything it possibly can to delay or avoid hiking again.
“I don’t think this piece of data pushes them to move.”

[@VishalSharma-bg7qj]

Who trusts these numbers anymore?

[@tomr6955]

anymore? lol

[@markserainidis1058]

The numbers are made up, to keep us at a steady poor, so the establishment rake in the cash, there plan is on track ..

[@peterburke8650]

Inflation will peak in 4 years. Rates should go up .the level of debt is unprecedented so rates can't move higher. Unfortunately rates will rise and big business that over borrowed like everyone else will pass it on to the consumer. Hence Inflation isn't going anywhere and will peak in 4 years.

[@downtoearth1950]

Everything points to the fact that rates have to rise The RBA is a pawn to the Government and the financial industry

[@robm1415]

It is certainly a pawn of the government. Trouble is Albo is having a bet each way. No leadership. He is more worried about the next election rather than fixing anything

[@johnoneill1011]

The situation is beyond the ability of the current RBA to greatly influence. Persistent inflation is now more a function of excessive stimulus and profligacy by woke governments than of consumer demand. The RBA can influence the latter but not the former.

[@ArchStanton-xw2bd]

Thats a face that could sink ships

[@williamcrossan9333]

Yeah the RBA never raised rates high enough. Brisbane house prices are currently at 16% annualized growth. That's inflation in my book.

[@axeya366]

All fabricated numbers, fudging them up and mixing and matching, only collecting and showing only certain aspects of what they want everyone to see. Mean while at ground level, peoples rent, mortgage, bills, insurance, food, medical etc is all going and still going up. That is what matters.

[@user-vz8gf6le3b]

Only need one interest rate rise before Christmas and Chalmers, Albanese and his other goons are done for.

[@GLEN-ys7qt]

As if these Big End of Town types ever care about we the little people! Just remember they are all in the same "Club" as the Politicians, Senior Public Serpents and the Press Gallery!

[@johnfisher247]

They need to put rates up. Negative gearing needs to be abolished and foreign ownership decreased with empty apartments being taxed. The hike in rates would push house prices down, it may feed higher rents.

[@chairmandan1794]

Higher interest rates means greater interest on term deposits, wahoo!!!

[@andrewmckay2118]

Yea, OK Bommer, more money for the Bommer bigots like you

[@docjoei2224]

Assistant Prof from America? Really? Explains why he doesn’t know the ABS only does a telephone survey of 50,000 people to do this guesswork!

[@MrLrs2]

BS Employment figure to justify the rate rise....

[@micphoenix8200]

RBA governor...what a hottie...right fellas? 😐 Sheesh

[@chrismo2922]

Good. Not all of us are debt slaves and the money we have saved should earn us some clip in the banks.

[@Starcraftmazter]

RBA will do anything to avoid doing it's job. The highest inflation in the developed world right here.

[@AnarchistBogan]

Anthony “recession” Albanese

[@HS-PGA]

Fair work 3.75% just kept rates on hold for another. 6 months

[@O_M_A_S_P_N]

Still going to happen though… might as well get it over and done with so we can stifle inflation and move on to working our way out of this financial hole we are in.

[@gordondkrbavac6861]

Diss information and fake numbers.

[@ivica351]

Rates cant go down, it would shoot heroin into an insane property market and also inflation rates can only stal as they are or go up

[@nomyafiftyonefifty8081]

Isn't it the grubberments responsibility.

[@jameswillis8969]

Prices will never fall until the price of money falls

[@1JohnnyUTAH]

Hey it's the Cattle thing that talks about Aussies as if we should be herderd like Cattle

[@teatree6228]

Silly thing Must not be emotional at this job

[@wilbur1884]

WUTT ABOAT DAVAYE ALUTTA PROUD HE'S STILL ALUTTA PROUD OF DA LAYBOUR FORCE OVA AT DEE OLE NAULSTEOUS OF DAMNED OLE DAYOOH'S AND EVERYTING LIKE DAULT👋🤣☕️