this post was submitted on 04 Jul 2023
54 points (100.0% liked)

Australia

3620 readers
162 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

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:

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:

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 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] beatle@aussie.zone 1 points 1 year ago

It’s rare for inflation to be tamed without a recession, so we will wait and see. Setting the goal at 2 - 3% by 2025 hurts everyone as inflation stays above the range longer.

Moving hard to bring it down sooner hurts a few who borrowed too much for a place they can’t afford, yet helps everyone else as lower inflation benefits all of us. The RBA is playing it too safe imo and hoping for this narrow path which seems unlikely.