While it's almost laughable to say a rate cut from 0.25% to 0.10% will do anything, I'm going to try and make the case haha.

Now that the state of Victoria has all but eradicated community transmission of COVID-19, they're the last remaining to ease all lockdowns. So that's the whole of Aus now all but COVID-free and fully open for business heading into the Christmas retail boom.

Any little bit of extra money that regular Joe is going to save on his mortgage in November/December is going to go straight into the spending account and right back into the economy.

Recession? What recession! ;)

As for CBDCs, all I can say is lol.

If everyone else is doing it, the RBA and banks here may as well jump on the bandwagon. Don't want to miss the boat and not be able to track your citizen's spending down to the cent!

This CBDC shit, will simply act as an ad for buying real crypto.

Posted Using LeoFinance ^Beta