Forget the spin. Cost of living and interest rates may stay high for some time to come | Satyajit Das
by Satyajit Das from Economics | The Guardian on (#693BD)
The RBA tells us the pain is only temporary, but it could be here for a while. Here's why
Australia's politicians and Reserve Bank officials have obfuscated the extent of the economic challenges ahead.
The spin is that interest rate rises are temporary and for the best. The truth is that the cost of living and interest rates may stay high for some time to come.
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