Birdwatch Note Rating
2024-02-09 21:53:55 UTC - HELPFUL
Rated by Participant: D0F9942F0E014A1F50011EE4D33EB9C589760019E754124D44ABDD886CCFC3C8
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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