this post was submitted on 28 Jun 2023
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The treasurer is not gonna fire Philip Lowe. The government makes it a point of order to make their forecasts wrong. Just look at BOM for crying out loud. Those with mortgages are encouraged to accelerate when you see him on a pedestrian crossing though. "Sorry mate, I was forecast to break but then suddenly slammed on the accelerator and screwed you"
I don't wanna be that guy but our OCR will be in lockstep with the US fed rate regardless of inflation targeting and our OCR will be lower theirs regardless.. even if our inflation is higher.
RBA don't admit it (but vaguely point to it in their minutes) AUD/USD is a concern for our primary industries, as that shit is sold in USD. The lower our buck, the better it is in translation of accounts.
:(