Ausbiz: Does the RBA need to shock the consumer?
I joined Ausbiz to discuss whether or not we need to see a tougher stance from the Reserve Bank of Australia (RBA) in terms of interest rate rises. Is inflation going to get back down to the 2-3 per cent target band? Watch the interview: Does the RBA need to shock the consumer?
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
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Chris
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I think they do need to go harder; went to my local homemaker store park (white goods, big box lifestyle retailers) last weekend and it was PACKED with people, and not kicking tyres either. The volume of traffic was more like pre Christmas or EOFY sales (that haven’t started yet) of 10 years ago.
The airport is busy with people flying away on holidays; everyone complains they have no money but clearly the reality is that they do or have access to credit from somewhere.