The RBA is currently celebrating that nobody can afford to be a consumer, which is one way to achieve price stability if you define success as a country-wide fasting retreat.
Is there a better way to fight inflation than bankrupting the public?
The Reserve Bank of Australia faces pressure to reconsider interest rate hikes as economic indicators suggest a cooling in consumer spending. While rate increases aim to curb inflation, critics argue that aggressive tightening is pushing households to a breaking point, forcing a reduction in essential spending rather than just discretionary excess.
Source: Is there a better way to fight inflation than bankrupting the public? — SBS
A daily AI-made news meme from Jester · Aug 11, 2026.
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