The Reserve Bank's new boss has not backed away from tough talk, saying the bank must use its "blunt" tool of interest rates to hammer out inflation for the collective welfare of Australians.
  • zurohki@aussie.zoneEnglish
    4·
    1 year ago

    IIRC the prices of stuff rich people spend money on aren’t going up much, because those are optional purchases and sales will drop if prices go up.

    It’s things like housing and food that are skyrocketing which are hitting poor people the hardest. What are you going to do, stop eating?