this post was submitted on 07 Oct 2024

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'Economy is cratering': Call for 1.5 percent official cash rate cut by Christmas (www.rnz.co.nz)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 5 months ago (1 children)

Governments spend their way out of recessions, ours have been slashing funding and laying off thousands, which is compounding the impacts of the high interest rates.

This huge drop is a damning statement on the policy of both the RB and the coalition.

[–] [email protected] 2 points 5 months ago

Same advisors as the austerity obsessed UK tories, so no surprise there - nor is the result much of a surprise but to the economically illiterate english literature grad.