Housing expenses account for over 22% of the inflation rate. As rents rise, inflation goes up, so the RBA increases interest rates in an attempt to reduce inflation, which reduces new home supply, which increases rents, which increases inflation.
#rba#CPI#afternoonbriefing
@australian@jkalbrechtsen Reynolds is a disgrace.
The LNP are a vile unelectable group, Reynolds, Tudge,Porter,Morrison & Dutton all horrible dishonest parasites.
"This is increasing the risk of a recession that we don't have to have and with that a bigger rise in unemployment and a bigger fall in home prices."
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