Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025.
Bloomberg | Bloomberg | Getty Images
In a STUNNING betrayal of every Australian homeowner and worker, the elitist Reserve Bank has just DECLARED WAR on your wallet. In a ruthless Tuesday move, the RBA slammed borrowers with a shock rate hike to 3.85%, its first in over a year, as inflation spirals COMPLETELY out of control. This isn’t just economics—it’s a SYSTEMIC FAILURE that proves the so-called experts have lost the plot.
The bank’s cold, calculated statement admits private demand is “growing more quickly than expected” and inflationary pressure picked up “materially.” Translation? The financial wizards in charge were caught SLEEPING AT THE WHEEL while the cost-of-living inferno raged. Now, they’re dousing the flames with gasoline by making mortgages and business loans MORE expensive for struggling families.
Even MORE ALARMING is the bank’s outright DEFIANCE against offering relief. Governor Michele Bullock and her deputy have repeatedly SNUBBED calls for rate cuts, smugly stating they are “not on the horizon.” Their message to Australians drowning in bills is clear: SUFFER IN SILENCE. This isn’t prudent policy; it’s a deliberate experiment in economic pain, with ordinary citizens as the lab rats.
The brutal truth they won’t say? This hike is a direct admission that their previous “transitory inflation” narrative was a LIE. With the economy growing at its fastest pace in two years, the RBA is openly choosing to CRUSH demand rather than fix the supply-side crises fueling price hikes. They are sacrificing YOUR financial future to cover their own catastrophic miscalculations.
Every extra dollar you pay in interest is a monument to their incompetence. This is what happens when unelected bankers hold the nation hostage.
Author: Kayitsi.com
