Jim Chalmers should enjoy the moment. Any relief that the Reserve Bank of Australia is not raising rates this month will prove only a temporary respite from the pressures bearing down on the economy and the government.“It’s a welcome reprieve for millions of Australians with a mortgage,” the treasurer said. “It doesn’t make life any easier for people, but it doesn’t make life harder either.”Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Rates on hold for all the wrong reasons
Any relief over the Reserve Bank’s decision to hold interest rates will be strictly temporary given the problems facing the Australian economy.
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