zero_gravitas@aussie.zone to AusFinance@aussie.zoneEnglish · 21 days agoBreaking: Major banks respond following RBA decision to cut interest rateswww.abc.net.auexternal-linkmessage-square20fedilinkarrow-up119
arrow-up119external-linkBreaking: Major banks respond following RBA decision to cut interest rateswww.abc.net.auzero_gravitas@aussie.zone to AusFinance@aussie.zoneEnglish · 21 days agomessage-square20fedilink
minus-squareWhirlybird@aussie.zonelinkfedilinkarrow-up1·edit-219 days ago Jacking up rates only works when the thing going up is discretionary spending instead of essentials. Which it was.
minus-squarejonne@infosec.publinkfedilinkarrow-up1·19 days agoThe things going up were food, energy and housing. Those are all inelastic goods.
minus-squareWhirlybird@aussie.zonelinkfedilinkarrow-up1·19 days 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.