@Mathan_Soma They all have cut rates too quick or the rates were never high enough to tackle inflation. I hope @RBAInfo doesnot make this mistake. If anything RBA should push the rates up.
@handsomelyrich1@SpachusAus 100% agree. People just want instant relief. They are not looking at bigger picture. Inflation is going to go up because of weak AUD. Rate cut will make things worse as economy is still in a very stable condition hence rate cut will raise inflation like never before.
@KurtsViews@ausstockchick AUD is artificially lowered rapidly after Trump won the election. Economy is still in a very good shape despite some weaknesses but still it doesn't reflect true AUD value which should be around 70cents.
@KurtsViews@ausstockchick AUD is artificially lowered rapidly after Trump won the election. Economy is still in a very good shape despite some weaknesses but still it doesn't reflect true AUD value which should be around 70cents.
@ausstockchick People just want instant relief. They are not looking at bigger picture. Inflation is going to go up because of weak AUD. Rate cut will make things worse as economy is still in a very stable condition hence rate cut will raise inflation.
@rigerby@ausstockchick People just want instant relief. They are not looking at bigger picture. Inflation is going to go up because of weak AUD. Rate cut will make things worse as economy is still in a very stable condition hence rate cut will raise inflation.