zero_gravitas@aussie.zone to AusFinance@aussie.zoneEnglish · 2 years agoBreaking: Major banks respond following RBA decision to cut interest rateswww.abc.net.auexternal-linkmessage-square19linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkBreaking: Major banks respond following RBA decision to cut interest rateswww.abc.net.auzero_gravitas@aussie.zone to AusFinance@aussie.zoneEnglish · 2 years agomessage-square19linkfedilink
minus-squareWhirlybird@aussie.zoneBannedlinkfedilinkarrow-up0·2 years ago Jacking up rates only works when the thing going up is discretionary spending instead of essentials. Which it was.
minus-squarejonne@infosec.publinkfedilinkarrow-up0·2 years agoThe things going up were food, energy and housing. Those are all inelastic goods.
minus-squareWhirlybird@aussie.zoneBannedlinkfedilinkarrow-up0·2 years agoDefinitely not the only things that were going up.
Which it was.
The things going up were food, energy and housing. Those are all inelastic goods.
Definitely not the only things that were going up.