Everyone Blames Someone Else For This Mess!!

The RBA’s Statement on Monetary Policy, out today suggests inflation will run hotter for longer and real wages will continue to shrink into the foreseeable future.

https://www.rba.gov.au/publications/smp/2023/feb/pdf/statement-on-monetary-policy-2023-02.pdf

Some politicians are pushing for the Governor to resign as analysts lift their forward thinking on rates. But what is really going on? In short no one wants to take responsibility for the mega stuff-up.

Ordinary people are being hit hard, and there is no immediate relief in sight.

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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