One of Australia’s leading financial experts, Mark Bouris, has called for better solutions to tame high inflation, expressing deep concern following the RBA’s June interest rate hike.
In a piece published in news.com.au, the executive chairman of Yellow Brick Home Loans has asked for an explanation of the central bank’s latest decision to institute the 12th rate increase in the past 13 months, which has seen the official cash rate up by another 25 basis points to 4.1 percent.
“Why on earth do we need further interest rate hikes when inflation is already trending down, and households are already in stress?” Bouris asked….