Reserve Bank is expected to raise interest rates to an 18-year high on Tuesday, the fifth hike this year
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NSW premier warns of risk of ‘stopping the economy dead’
The NSW premier, Chris Minns, rejected commentary from some economists that the RBA’s decision would be straightforward.
I know they’ve got a just difficult decision to make. I accept that, but we’ve got to be careful that in their efforts to slow down the economy, they don’t stop it dead.
This is an extra hit to a pay packet that many people haven’t budgeted for, are not ready for. It’s going to have a massive impact on our economy.
We work each and every day on cost of living.
What I recognise as well is that by engaging in the world, we can deal with our national security interests, but also make our economy stronger. That’s why we need to engage in the world.
