Reposted by Michael Pascoe
"The RBA Board delivered. Thank you for making me and my comfortable peers richer, boosting my unearned income so I can continue to splash the cash around."
@michaelpascoe01.bsky.social
#auspol #rates
michaelwest.com.au/a-blunt-tool...
michaelwest.com.au
A blunt tool. RBA's incompetence is making the rich richer - Michael West
Having created market expectations that it would raise rates, the Reserve Bank board delivered, demonstrating its incompetence.