sunflower19
2022-06-18
ok thank you 😊//@koolgal:

With the super sized increase in interest rate to 50 bp by the RBA, Philip Lowe has signalled that there will be more rate increases to come.   It is possible that this interest rate may even spike to 75bp if inflation rate is not under control following the Feds rate rise this week to 75bp.

But I believe that the Australian economy is more resilient than the US as we have more commodities and minerals which are currently doing well.  Our inflation rate is not as high as the US 8.6%.

The employment figures are very good too.  Great news for the working Australians this week as The Fair Work Commission has announced a rise in minimum wage of 5.2% or AUD21.38 per hour.  Hopefully this will help the working Australians with the rising inflation.

@ASX_Stars@Tiger_AU@TigerStars@CaptainTiger@MillionaireTiger

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