Sally Tindall

Because why?

Because the RBA, when the next emergency comes around, they need to be able to pull that lever.

And so it was very reasonable for the cash rate to rise.

I think

Perhaps Australians were prepared for the cash rate to rise, but they weren't prepared for the size and the scale of the hikes that we've had to date.

You know, we've had four cash rises in as many months and people are feeling rattled.

So perhaps there's a communication exercise that could have been done better.

But all in all, when you compare what the RBA has done to other economies around the world, I do think that they're doing a reasonable job.

I think you can rule out the break.

I don't think there will be crickets, unfortunately.

I do think that there'll be another hike.

I do think it'll be another double hike.

The RBA has said that they're prepared to do what it takes to get that inflation genie back in the bottle.

And the faster they move on this...

move early, the more likelihood they are being able to clamp down inflation.

It can really, you know, get a life of its own if you don't act quickly.

And that's what the RBA is doing.

Yes, as we said, people are rattled by these quick hikes, but the cash rate is still only at 1.85% historically.

That's still relatively low.

And certainly, even when you look at the retail spending, again, it was up in June, which is, you know, pretty surprising considering at that point in time we'd had two rate hikes.