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The RBA has hiked the cash rate for a record 10th time in a row. It has Australian households in its sights and is out for blood. But are interest rate rises really the best way forward?
We discuss how interest rate rises might not be the best tool to use, but are the only one the RBA has access to. It has a limited arsenal.
With that in mind we look at the alternatives and weigh in on how they would affect Aussie families and the economy at large. Temporary tax, mandatory savings and corporate crackdowns are all on the table. You'll find that interest rate rises are pushing households under water while businesses use them as a floatie.
By Ulrika LoboThe RBA has hiked the cash rate for a record 10th time in a row. It has Australian households in its sights and is out for blood. But are interest rate rises really the best way forward?
We discuss how interest rate rises might not be the best tool to use, but are the only one the RBA has access to. It has a limited arsenal.
With that in mind we look at the alternatives and weigh in on how they would affect Aussie families and the economy at large. Temporary tax, mandatory savings and corporate crackdowns are all on the table. You'll find that interest rate rises are pushing households under water while businesses use them as a floatie.