RBA is prescribing the wrong medicine
Greens Treasury spokesperson, Senator Nick McKim, has responded to today’s decision by the RBA to increase interest rates.
“The RBA is smashing workers, renters and recent homebuyers to try to bring down inflation that is being driven by supply shocks and corporate profiteering.
“We are hearing plenty from the government and the RBA about supply pressures.
“What we aren’t hearing from the government or the RBA is about the role of corporate profiteering.