zero_gravitas to AusFinanceEnglish · 5 days agoBreaking: Major banks respond following RBA decision to cut interest rateswww.abc.net.auexternal-linkmessage-square21fedilinkarrow-up118arrow-down10
arrow-up118arrow-down1external-linkBreaking: Major banks respond following RBA decision to cut interest rateswww.abc.net.auzero_gravitas to AusFinanceEnglish · 5 days agomessage-square21fedilink
minus-squareWhirlybirdlinkfedilinkarrow-up1·edit-22 days ago Jacking up rates only works when the thing going up is discretionary spending instead of essentials. Which it was.
minus-squarejonne@infosec.publinkfedilinkarrow-up1·2 days agoThe things going up were food, energy and housing. Those are all inelastic goods.
minus-squareWhirlybirdlinkfedilinkarrow-up1·2 days agoDefinitely not the only things that were going up.
Which it was.
The things going up were food, energy and housing. Those are all inelastic goods.
Definitely not the only things that were going up.