WENDELL HUSSEY | Cadet | CONTACT
The Reserve Bank Of Australia has this week put a dampener on the mood across the nation, confirming that they aren’t so keen on lifting interest rates.
While some economists and banks are speculating that rates could be lowered up to four times in the next twelve months, RBA Governor Michele Bullock has told everyone to hold their horses.
“Sorry guys, but they numbers just don’t add up,” sighed Bullock.
“I know the US slashed rates HARD and everyone is toey to drop them here as well, but that’s just not the way it works.”
“Our job, and pretty much our only job is to make sure that the numbers are all in their place when it comes to inflation and the economy.”
“And that’s not our fault.”
“The government pretend like we control the economy, but all we can do is lift interest rates until enough people lose their jobs and their homes and then ‘inflation is curbed.'”
“That’s all we can do, and poor people losing everything isn’t something we can do much about if we actually do our job.”
“The fucking government can go and put a price cap on energy, or get rid of property concessions for housing investors, or force the supermarkets not price gouge,” she said.
“But that’s all too hard, so it’s easier to just blame us.”
“But at the end of the day, I get paid fat stacks to toe the line, so I do.”
“At the end of the day not enough people are out of work, the unemployment rate hasn’t gone up, and inflation figures are as good as we hoped.”
“So we can’t drop rates yet.”
“Don’t hate the player. Hate the game.”
