Interest Rates are Sky-High, Who's to Blame?
Follow The Money
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Introduction
Ebony Bennett is Deputy Director at the Australia Institute. She says inflation has been driven not just by overseas supply issues, it's been driven by excess profit. The Reserve Bank started raising rates back in May because of surging inflation. Inflation running at around 7.8%. While inflation is rocketing, Australian wages are barely moving. Payback, it still aren't keeping up with inflation.
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Transcript
