For the 6 Coalition years 2016 to 2022, interest rates were below 1.51%. The term deposit rate fell to 0.3%, giving savers with $1,000,000 in the bank an income of $3,000 pa, forcing many senior folks into poverty.
Now rates are at the near-ideal 4.6% the liars in the media slam this as ‘vandalism’.
independentaustralia.net
Profound ignorance displayed in interest rates fake outrage
Economic analysis in most of Australia’s media last week was more manipulation than information.