I feel like we are headed for a rate hike next week, but it also feels like it just needs a small bump to stabilise. Hopefully if there is a hike, we can get a free months of stability before we might see it start to drop again.
Then again the world is pretty volatile right now, so who knows.
CommonwealthGrant on
Here is what he actually said – which is a masterful example of saying words without conveying information
>“Today’s inflation data reflects a combination of temporary factors and some more persistent pressures as well.
>“You can see the temporary factors like the unwinding of, particularly the state-based energy rebates, you can see some more persistent pressures in areas like market services and housing.”
Tedmosbyisajerk-com on
They always say this. Then for some reason everyone only panics when everyone gets a pay rise. 🤔
No such panic for cost of living increases however.
Tempo24601 on
Temporary factors such as harebrained government electricity subsidies expiring? Good job we don’t have federal subsidies expiring beginning this month!
cidama4589 on
It’s not rocket science.
Both the ALP and the Coalition rigged our immigration system to increase demand for housing, food, electricity etc, which skyrocketed prices and CPI.
ALP are desperately scrambling for excuses, because the more people that realise that overmigration is the root cause of our inflation problem, the more One Nation rises in the polls.
Bright-Marsupial-265 on
The people who keep blaming everything on immigration would actually have more traction if they also blamed Trump.
We know they’re not actually being reasonable on the issue of immigration. Their goal is to demonise.
If they were serious, they would mention Trump. To never mention Trump, the tariffs, the instability as a factor on our economy is laughable. You’re not being genuine. Remember people’s super got affected by Trump’s policies.
DCFowl on
Sorry still learning,
Inflation is the increase in prices. And the price of housing both rents and dwelling house sales went up by more than expected? So the Reserve will increase borrowing costs for home buyers and businesses.
But with a quarter of people living of their portfolios increases their monthly incomes.
And increased mortgage payments will be passed on to renters increasing the overall profitability of renting and further driving up housing costs.
Has anyone actually modelled the likely impact of a rate rise?
laidbackjimmy on
Temporary factors? Somehow, I don’t think they’re about to deport the last 1million immigrants…
No_Gazelle4814 on
Yeah, temporary factors are that the inflation is due to the temporary govt
bathdweller on
‘We temporarily don’t know what the fuck we’re doing.’
ThimMerrilyn on
Temporary ? Like Christmas and holidays and new year ?
11 Comments
I feel like we are headed for a rate hike next week, but it also feels like it just needs a small bump to stabilise. Hopefully if there is a hike, we can get a free months of stability before we might see it start to drop again.
Then again the world is pretty volatile right now, so who knows.
Here is what he actually said – which is a masterful example of saying words without conveying information
>“Today’s inflation data reflects a combination of temporary factors and some more persistent pressures as well.
>“You can see the temporary factors like the unwinding of, particularly the state-based energy rebates, you can see some more persistent pressures in areas like market services and housing.”
They always say this. Then for some reason everyone only panics when everyone gets a pay rise. 🤔
No such panic for cost of living increases however.
Temporary factors such as harebrained government electricity subsidies expiring? Good job we don’t have federal subsidies expiring beginning this month!
It’s not rocket science.
Both the ALP and the Coalition rigged our immigration system to increase demand for housing, food, electricity etc, which skyrocketed prices and CPI.
ALP are desperately scrambling for excuses, because the more people that realise that overmigration is the root cause of our inflation problem, the more One Nation rises in the polls.
The people who keep blaming everything on immigration would actually have more traction if they also blamed Trump.
We know they’re not actually being reasonable on the issue of immigration. Their goal is to demonise.
If they were serious, they would mention Trump. To never mention Trump, the tariffs, the instability as a factor on our economy is laughable. You’re not being genuine. Remember people’s super got affected by Trump’s policies.
Sorry still learning,
Inflation is the increase in prices. And the price of housing both rents and dwelling house sales went up by more than expected? So the Reserve will increase borrowing costs for home buyers and businesses.
But with a quarter of people living of their portfolios increases their monthly incomes.
And increased mortgage payments will be passed on to renters increasing the overall profitability of renting and further driving up housing costs.
Has anyone actually modelled the likely impact of a rate rise?
Temporary factors? Somehow, I don’t think they’re about to deport the last 1million immigrants…
Yeah, temporary factors are that the inflation is due to the temporary govt
‘We temporarily don’t know what the fuck we’re doing.’
Temporary ? Like Christmas and holidays and new year ?