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Have you ever wondered how the members of the Reserve Bank board can so nonchalantly
inflict the pain of constant interest rate rises on the families of Australia?
Here’s why. The members of the board which make these decisions don’t feel the pain of
their decisions.
They’re all multi-millionaires – high-flying corporate executives, academics or economists
with massive incomes which separate them from the pain of mortgage payments.
By Terry Ryder & Tim GrahamHave you ever wondered how the members of the Reserve Bank board can so nonchalantly
inflict the pain of constant interest rate rises on the families of Australia?
Here’s why. The members of the board which make these decisions don’t feel the pain of
their decisions.
They’re all multi-millionaires – high-flying corporate executives, academics or economists
with massive incomes which separate them from the pain of mortgage payments.

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