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While the recent rise in unemployment wasn’t big, some economists think inflation is in free fall. If this is so, the Reserve Bank needs to stand clear of the interest rate lever.
Just when we’re hoping rate rises are over, the Federal Budget spending and Unions pushing for higher wages could have Dr Phil reaching for the interest rate lever again.
Lesley Lonsdale (pictured), owner of The Bustard Inn at South Rauceby, is celebrating after being awarded a second rosette by the AA after an unannounced inspection.
Anyone hoping airfares will come down should know that airline costs are ready to go skyward, with this latest union wage push. Will interest rates ascend unwanted heights because of this?
Our central bank is behind the curve in its battle against inflation compared to global peers.