As the central bank governor raises interest rates to record levels, her employer is still splurging more taxpayer cash on a fancy fit-out.
Reserve Bank of Australia governor Michele Bullock lamented this week that many families would feel like they were experiencing a recession, as the central bank hiked interest rates to an 18-year-high.
“They [will] feel poorer,” she said. “Their spending can’t grow very quickly, because their incomes aren’t growing very quickly.”
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Preliminary data from Melbourne’s auction market has shown an unexpected response from homebuyers to an interest rate hike.
US Treasuries slumped, pushing yields sharply higher, after hotter-than-expected inflation data and comments from a key Federal Reserve official fueled bets that the central bank would need to deliver more aggressive interest rate hikes to cool inflation.
‘There’s always a plan’, the PM has said in the past, about 2027. There will have to be.
