Oh good, I'm sure now the government will do something...
The Reserve Bank has pointed directly to the elephant in the room
https://www.abc.net.au/news/2023-06-20/profits-high-inflation-interest-rates-recession/102501638
https://www.abc.net.au/news/2023-06-20/profits-high-inflation-interest-rates-recession/102501638
Oh good, I'm sure now the government will do something...
6 Comments
ravishingzombie@lemmy.fmhy.ml · 6 pts · 3y
sUpPlY aNd DeMaNd !
MXYp3Lk66yKv@aussie.zone · 4 pts · 3y
iT WIlL tRIcKLe DOwN!!
zurohki@aussie.zone · 4 pts · 3y
I definitely feel like large corporations are trickling on me.
cuppaconcrete@aussie.zone · 1 pts · 3y
At least they waited till winter to blame it on the rain lol
AskThinkingTim@aussie.zone · 5 pts · 3y
Coercive monopolies may just end up price gouging.
josephb@aussie.zone · 5 pts · 3y
I wonder if the July 1 power prices could be considered part of what the RBA is pointing at here. Certainly across many markets in AU like Mobile companies, Supermarkets, etc there are cosy duopolies or similar.