Birdwatch Note Rating
2024-02-09 21:46:13 UTC - NOT_HELPFUL
Rated by Participant: B2D0FD7CBA2FF006C9424EC18A7442C5270FDBE6EE1CAB4B873C1BC77DC6101F
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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