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Taming inflation: is there a less painful way? | 60 Minutes Australia
Mar 05 2023
As if they’re not hurting enough, Australians with home loans need to prepare themselves for even more pain. Next Tuesday it’s almost certain there will be another interest rate rise, which will set a record no one wants to celebrate – the tenth increase in a row. It will add new meaning to the old phrase, “We live in interesting times”. The Reserve Bank says raising interest rates is the best way to get inflation under control and warns that if it doesn’t, the Australian economy will be truly stuffed. But what if the experts have got it wrong?
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