Interest Rates are Sky-High, Who's to Blame?
Follow The Money
00:00
What if Corporations Hadn't Made These Excess Profits, What Would Have Happened to Inflation?
At the moment, inflation is going 7.8%. If we sort of average over the past few years, we're looking at about 5.2%. What we found is if the companies had not had all of these excess profits, we would have been looking at around 2.7% inflation. That's kind of a real basement level sort of condition. We've got to do nine interest rate rises in a row. Okay. So if we give them a bit of a leeway, allow them to have that, I guess, real profit growth marginally above the RBA's target for inflation and also taking into account what we'd expect with economic growth, we'd still just be looking
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