Birdwatch Note Rating
2024-02-09 08:57:33 UTC - NOT_HELPFUL
Rated by Participant: 0E8423C9928EA53ACF25EFF2A8810CE6A49EAC6A16FC3DAE455D68DC3E2AC8ED
Participant Details
Original Note:
The banks increase or decrease rates based on advice from the RBA. A bank will increase rates to control inflation, which is often a product of federal & state Govt’s who effectively put money into the economy due to their policies. https://www.rba.gov.au/education/resources/explainers/how-rba-implements-monetary-policy.html
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