Australian Reserve Bank Raises Interest Rates Again, But ANR Founder Says it’s Nothing to What’s Coming
By CNBS News
Australian Reserve Bank raises interest rates again, but ANR Founder says it’s nothing to what’s coming.
For the third month in a row, the Reserve Bank of Australia (RBA) has increased the official cash rate, this time by a further 50 basis points to 1.35 per cent, as it tries to curb rising inflation.
Read today’s official statement on the RBA’s website.
Cash rate raised to
Increased by 50 basis points
Some consumers are starting to feel the pinch due to the rising cost of living and rising mortgage repayments.
In May, the RBA lifted the cash rate to 0.35 per cent, then in June, the board hiked it up by 50 basis points to 0.85 per cent.
Today’s decision could add further pressure, especially for those on variable loans or with fixed-term mortgages ending soon. It’s estimated almost 40 per cent of Australians have locked in low fixed rates and will roll off them as soon as next year.
Keep in mind that the RBA has indicated the cash rate will likely increase to 2.5 per cent and possibly more depending on inflation, so it’s important not to be complacent.
ANR Founder says the Central banks around the world aren’t telling the truth to avoid panicking markets, but the truth is interests rates have to rise so fast to stop rampant inflation that if they rise them as high as needed it will destroy Western economies.
It’s the irresponsible actions of the Western Oligarchs and Western Puppets installed, with the worst of them all being US puppet President Joe Biden.
People should prepare for a much worse crash than the GFC and realise the West is falling due to its poor decisions especially over the last decade of relentless printing of money to stop a collapse.
But all they did was delay a major financial crash by a decade, and now the failing Federal Reserve Banking system and its owners can’t print money anymore.
The game is up, this is the desperate need to engineer the Great Reset, which is a Globalists effective coup.