Australians don’t need to be told high interest rates are ‘smashing’ the economy, but is there an alternative?
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Treasurer Jim Chalmers mightn’t have expected his weekend comment – made ahead of expected low growth figures later this week – that interest rate rises were “smashing” the Australian economy to set off the reaction it has. After all, it’s been something of a Chalmers mantra.
In June he said rate rises were...
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