Alicia Barry

And I mean, of course, the US is a much larger economy.

Our market is really dominated by banks,

miners and supermarkets.

CBA sometimes is put in that camp.

Yeah, Carrington, I mean, we heard our colleague Amelia Terzon put that question to the RBA governor after the rates decision on Tuesday.

What tools beyond interest rates can the RBA use so that it's not hurting regular people?

And you can understand the frustration in the community.

I mean, this interest rate tool really does hit people who have mortgages, those who are renters.

not those who have paid off their mortgages.

And it's about 60% of the population in those two camps that are really being hurt by this.

Unless you go and fundamentally rewrite the architecture of monetary policy, which Michelle Bullock could not do on Tuesday, the RBA really does only have one tool.

And it is

a monetary policy tool, which is interest rates.

When we look at what the government can do, fiscal policy, I mean, a lot of heavy lifting has been left to the RBA.

And as Michael Yander points to, it's much easier for governments politically to stimulate growth.

They can do that in many ways.

And we have seen it with, you know, the reduction to the fuel excise that's made it cheaper for people to buy petrol in this environment.

But do they want to take money out of the economy?

Well...

Probably not really if they want to stay in government.