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Interest rates: Inflation is hurting households more than RBA monetary policy, research shows

Inflation and taxes are eroding household incomes by triple as much as interest rates, undermining Jim Chalmers’ claim the RBA is hurting the economy.

By: Australian Financial Review

Sep 10 2024
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Interest rates: Inflation is hurting households more than RBA monetary policy, research shows

Inflation and taxes are eroding household incomes by triple as much as interest rates, undermining Jim Chalmers’ claim the RBA is hurting the economy.

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Interest rate decisions from the RBA have to follow the data, not the dogma, when leading economic indicators point towards an avoidable recession