RBA interest rate hold again yesterday, freezing the cash rate at 4.35%.

Three-year high on mortgage arrears.

Thankfully the country has propped the housing market with record migration, up 695,000 in 12 months.

How to tackle inflation?

Keep interest rates above 4%

Open flood gates to migration

Continue to print money at a rate less than the GDP income surpluss of the migrants?

If the GDP per person is $66,589.05, we can expect the migrants to generate $43.785 billion dollars for Australia.

RBA printed $50 Billion between June 2023, and April 2024.

Interesting.

#Australia #austriches #ausrich #australiaisonfire