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.
  • rainynight65@feddit.de
    4·
    11 months ago

    Raising interest rates has not proved effective in curbing inflation so far. Why keep using a clearly ineffective, blunt tool that appears to be causing more harm than good?