22
Can't wait for the interest rates to go up to "curb our spending" on basic necessities. 🙄
I've never really understood the rationale of increasing interest rates when inflation is being driven by international events rather than discretionary spending. Just seems dumb.
Banks need more money to cover the losses they had when it middle east went pear shaped, again
the RBA has two tasks (in setting interest rates, lots of other jobs though) , inflation in a narrow band and employment in a narrow band.
They have one tool to do that. Short of a significant uptick in unemployment, there is no choice left. The main way to bring inflation down is to crash the economy, they prematurely congratulated themselves for reducing inflation and keeping the economy ticking last time they rose rates and yet they didn't get it under control at all.
Inflation was high before the current Trump and Bibi tanty.
is the system poorly diesgned ? for sure and with this level of simplicity, we could do away with all this performative theatre and replace it with a spreadsheet.
When the only tool you have is a hammer, everything looks like a nail.
Can the government put in place measures to stop companies from increasing the price more than inflation. Something like taking the year’s profits.
I saw the Chief Economist from Westpac suggesting 3 more increases in a row.
Peace plans
snorts
@okwithmydecay any idea why I can't interact with lemmy using my mastodon AP account? Seems un fedi to have tobhave multiple accounts to comment...?
@craiglambie42@fosstodon.org you're able to comment on Lemmy posts as you have done, what other interactions are you looking for? There is a discussion of Lemmy interoperability with Mastodon.
this post was submitted on 28 Apr 2026
22 points (95.8% liked)
Australia
5008 readers
121 users here now
A place to discuss Australia and important Australian issues.
Before you post:
If you're posting anything related to:
- The Environment, post it to Aussie Environment
- Politics, post it to Australian Politics
- World News/Events, post it to World News
- A question to Australians (from outside) post it to Ask an Australian
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
Rules
This community is run under the rules of aussie.zone. In addition to those rules:
- When posting news articles use the source headline and place your commentary in a separate comment
Banner Photo
Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australian News
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
- Aussie Memes
Plus other communities for sport and major cities.
https://aussie.zone/communities
Moderation
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone
founded 2 years ago
MODERATORS