Tag: cash
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RBA’s Inflation Struggle: The ‘Feet in the Oven, Head in the Freezer’ Problem
If your feet are in an oven and your head is in the freezer, on average you probably feel quite comfortable. That’s the problem with averages. And it is a problem worth remembering when it comes to the task ahead of the RBA as they try to bring inflation down. The RBA targets the Consumer…
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The Cheque’s (No Longer) In the Mail
If you like writing or receiving cheques, your days might be numbered. Last week, Treasurer Jim Chalmers announced a plan to phase out the use of personal cheques by 2030. To be honest, it is amazing cheques have lasted this long. In Australia, the use of cheques is governed by, among other laws, the Cheques Act…