1. 2023
  2. In focus: Australian interest rates over the last four and a half decades

Try and Look Miserable

Jon Kudelka
The Australian

There’s nothing new in home-buyers living in fear of the RBA announcing another increase in interest rates in an effort to curb high inflation. When rates are high, it keeps a close ear on what the commercial banks tell it about how many of their borrowers are in distress. Fortunately, it doesn’t rely on opinion polling.

A man with a clipboard asks another 'average man on the street' how he feels about the future., whilst a man smoking a cigar watches from a window.