'When the RBA speaks, households listen.'
That was, broadly speaking, the message from– even though they discussed what would have been a 14th hike.
"I would say to people who are struggling that I understand they are struggling. Part of the reason they are struggling is not just interest rates, though," she said."The best thing that I can do for them is to try and get inflation back down so that they don't have to worry about the prices of their everyday things continuing to go up.
"The threat of future rate hikes can sometimes be enough to dampen demand without the need to actually pull the trigger," Murphy Cruise said.READ MORE:At any rate, inflation is likely going to be higher for longer than what was thought a few months ago. The RBA's short-term annual forecasts, up to 3.8 per cent, say as much.
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