ANALYSIS: Why the RBA is playing with fire with interest rates set to keep rising in 2023
Late last November, Reserve Bank Governor Philip Lowe was forced into a humiliating public apology.
For Dr Lowe, the decision he and his colleagues must make tomorrow and in coming months is, just how deep a recession are they prepared to wear? Most highly paid bank economists are pushing the RBA to maintain the war against inflation and jack up borrowing costs after the December quarter inflation figures showed solid price rises in the services sector of the economy.On the far right are the small proportion of homeowners who would be better off because rates are rising. That's because they are wealthy and have little debt.
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