'Time for RBA to hit the pause button'
The Reserve Bank of Australia should take a wait and see approach to interest rates over the next few months and even have a rethink about its inflation target band, argues veteran real estate professional and respected commentator, Andrew Bell.
Andrew Bell says it may be time to reassess the value of the RBA's steadfast 2-3 per cent inflation target. (Image source: Shutterstock.com)
Much attention in the media and around Australian barbecues over the past 10 months has been on the rapid rise of interest rates and the impact it is having on households.
It has been the fastest and largest rise in interest rates in our country’s history, but people often forget it followed a correspondingly rapid drop in interest rates to record lows to protect our economy during Covid.
The return to historical interest rate norms was always …
