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Politics has nothing to do with it, the government doesnt control rates, although they do have an impact on the economy.The RBA is mandated to keep inflation under control, so the only way now we would see a rate increase is if inflation (as measured/analysed by the RBA) was to increase outside of their 2-3% range, and look as though it was to stay there.Those with better economics background could explain what causes inflation in detail, but essentially people need to start spending agin for that to happen
Politics has nothing to do with it, the government doesnt control rates, although they do have an impact on the economy.
The RBA is mandated to keep inflation under control, so the only way now we would see a rate increase is if inflation (as measured/analysed by the RBA) was to increase outside of their 2-3% range, and look as though it was to stay there.
Those with better economics background could explain what causes inflation in detail, but essentially people need to start spending agin for that to happen
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