Experts warning about outdated approach to tame inflation | 60 Minutes Australia
1,776Subscribe here: http://9Soci.al/chmP50wA97J Full Episodes: https://9now.app.link/uNP4qBkmN6 | Living in Interesting Times (2023)
As if they’re not hurting enough, Australians with home loans need to prepare themselves for even more pain. Next Tuesday it’s almost certain there will be another interest rate rise, which will set a record no one wants to celebrate – the tenth increase in a row. It will add new meaning to the old phrase, “We live in interesting times”. The Reserve Bank says raising interest rates is the best way to get inflation under control and warns that if it doesn’t, the Australian economy will be truly stuffed. But what if the experts have got it wrong?
On 60 MINUTES, Tom Steinfort finds out if there’s a better way to beat inflation than by smashing families already trapped in a financial vice.
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For over forty years, 60 Minutes have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tom Steinfort, Tara Brown, Nick McKenzie and Amelia Adams look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes.
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