Why the Reserve Bank’s interest rate cut won’t solve cost-of-living crisis
The pollsters claim that the coming federal election will be decided on cost-of-living issues and there’s pile of speculation that Anthony Albanese’s Labor government may call an early election to take advantage of the long-awaited Reserve Bank of Australia (RBA) interest rate cut on February 18.
There will be some relief for borrowers from a lowering of interest rates, but will it significantly ease the cost-of-living crisis?
See also
How developers captured the housing debate Labor rejects effective housing measures for investor-friendly non-solutions It’s not enough to ‘punish Labor’: We need to build a........© Green Left Weekly
