RBA loses all credibility with further interest rate increases

Created
Wed, 08/02/2023 - 17:55
Updated
Wed, 08/02/2023 - 17:55
Yesterday, the Reserve Bank of Australia lifted the interest rate target for the ninth consecutive time (they didn’t meet in January) claiming that they had to do this to stop inflation accelerating and restoring price stability. Except inflation already peaked in the March-quarter 2022 as a result of the driving factors abating. Further, none of…