Australia just raised interest rates today. RAISED them.
Every other developed economy on earth is cutting
🇺🇸 cut
🇬🇧 cut
🇪🇺 cut
🇨🇦 cut
🇳🇿 cut
🇸🇪 cut
🇨🇭 cut
🇦🇺 hike
The RBA cut rates 3 times in 2025 then did a full U turn less than 6 months later. It’s the first major central bank to go from cuts back to hikes since Covid
why? Our government spending is at its highest since the 80s.
So the average aussie with a $700k mortgage just got hit with an extra $105 each month; and banks are already forecasting ANOTHER hike in May
Our government spends like money is free and then Aussies pay the price
We are so cooked.
Fock me! McLaren are genuinely the biggest bunch of wankers I’ve ever seen. I sincerely hope Max takes the championship as these losers don’t deserve it! Onto Abu Dhabi now.
Guenther out.