“Breaking Aussies’ spirits”: Karl rips into Reserve Bank
Karl Stefanovic has ripped into the Reserve Bank for their decision to pause interest rates at an all time high.
The Today host blasted their decision to freeze the cash rate at an 11-year high of 4.1 percent, as Aussies continue to struggle through the cost of living crisis.
Karl Stefanovic has accused the Reserve Bank of “not giving a toss” about the millions of Australians struggling to keep their homes amid seemingly endless interest rate rises.
On Thursday, Karl let loose on the RBA, slamming their decision to put Aussies under further financial strain.
“They have single-handedly crushed, strangled Australian households,” he said.
“Aussies who go to work, pay their bills, and just made the mistake of wanting to own their own home. Now you are being held to ransom.”
“Everything you have built is now on the line because our central bank missed the inflation tidal wave. This is what's worse though.”
“It's not over-spending respective governments carrying the can. It's you at home.”
“It's you trying to put food on the table, pay your power bills and keep a roof over your family's head. It's no wonder it's breaking Aussies' spirits right now.”
On Tuesday, the RBA moved to pause interest rates at an 11-year high of 4.1 per cent for the next month.
Governor Philip Lowe hinted at more monetary policy tightening because inflation is still too high, even after the most aggressive rate rises since 1989.
Even if interest rates don't rise again, mortgage repayments could still be hiked.
Image credits: Today