RE: https://flipboard.com/@aljazeera/economy-90a2acd7z/-/a-o-U0kG6lRHaDxWN0TdN37Q%3Aa%3A3199698-%2F0 I’m no longer convinced that raising interest rates reduces inflation. A large chunk of Australians have mortgages. Those mortgages are the single largest household expense for most of those people. Raising interest rates does not induce savings (as the theory goes), because no-one has money to save. It raises living expenses. That, in turn, applies pressure on working folks to get a raise. In other words, it’s inflationary.