WENDELL HUSSEY | Cadet |CONTACT
The new Governor of the Reserve Bank of Australia has announced herself in style this morning.
Attending her first meeting since being given the keys to the fiscal kingdom, new boss Michele Bullock has revealed a double rate rise is coming right up!
“Listen up you peasants, no more mucking around,” laughed Bullock, with a giggling Philip Lowe in the background.
“We are doubling the cash rate, and we’ll keep doubling it until enough poor people are punished, and our inflation targets are met.”
The strong comments from Bullock, come after she was announced as the new boss of the organisation on Friday.
In a sign that the RBA is serious about structural reform and changing the way they operate, Michele Bullock, the deputy governor of the RBA and a 40 year employee of the organisation has been appointed to the top job.
Her appointment comes after countless rate rises in the last couple of years, despite Philip Lowe’s promises a couple of years ago that interest rates won’t go up until 2024.
However, with hundreds of thousands pushed further into the poverty class and many approaching the fixed term mortgage cliff, Bullock has now promised to accelerate the process.
“No more Ms Nice Gal,” laughed Bullock, the boss of an organisation that is only capable of impacting inflation by simply punishing poor and working class people with interest rate rises.
“I’ve got no interest in examining the RBA’s place in a changing economic landscape or talking to the government about the economic framework we operate under.”
“Inflation (regardless of the cause) = bad = interest rate rises.”
“Let’s get the party pumping!”
More to come.
