Replying to Avatar StackSats.IO

Australia 🇩đŸ‡ș is set to change how interest rates are set with a new “external monetary policy board”.

Haven’t had a chance to read much in to this yet but on its face, it sounds even worse than what we have now. Any #AUStriches got further info?

https://archive.is/fnqO7

Avatar
Pleb on The Cob 2y ago

Following
 sounds like they want to move the decision on interest rate rises to the gov?? Doesn’t sound very ‘non-partisan’. Not sure though, haven’t looked into it
Nothing would surprise me in this country though


Reply to this note

Please Login to reply.

Discussion

Avatar
StackSats.IO 2y ago

Yea pretty much. I posted the report in a followup if you want to read it, the word “bipartisan” appears 10 times so forget ‘non-partisan’, this appears to be the parasite class consolidating power.

32
32dc2a83... 2y ago

The document has a bunch of words pandering to the zeitgeist. But what that means when it comes to legislating the recommendations - that is an entirely different story. Look for unrecommended earmarks in the bills when they get released...