Australian Reserve Bank insider reveals plans to raise rates, but will it be 0.5% or 0.75%.
Insiders at the RBA have said that rates will rise tomorrow in response to worldwide inflation. The rate rise will be the 3rd consecutive rise in 3 months and will see many consumers stretched to the limit having to find more each week for loans.
The announcement set for 2 pm is a result of a falling Australian Dollar and loss of overseas trade to China. As China finds friendlier and reliable suppliers to fill its demands for coal, iron ore, beef, milk products and more.
This as the new Prime Minister Anthony Albanese has been attending NATO and pledging another 100 Million to Ukraine.
As Australia is hit with more and more economic woes Albanese has been bowing to the needs of the US Empire and was instructed by his masters to visit Ukraine as well as donate another 100 million sponsoring a Nazi-backed regime, while average Australians find it harder to support their families.
This is now the 2nd time the new government has bowed to the US. The first was at their meeting at the Quad conference in May when he refused to discuss the release of Julian Assage even though late last year while as opposition leader he called for the end of Assage’s detention.
It seems more and more likely that the new government will continue being a vassal state instead of a sovereign state.
