Kevin Hogan Criticizes Labor Government Over Inflation and Rate Hikes
What happened
Kevin Hogan criticized the economic management of the Labor government, using inflation as a benchmark for his critique. This followed a Reserve Bank decision to increase the cash rate by 0.25 percentage points to 4.85%. Since the Labor government took power, underlying inflation has been 4.3 per cent, compared to 2.6% in the USA and the 2% range in the European Union.
From miragenews.com
Why it matters
The rate hike has increased the annual repayment on the average mortgage by $30,000 since the Labor government came to power. Hogan noted that rising costs for housing, electricity, food, and insurance are forcing families to cut back and are hurting small businesses.
From miragenews.com
Who's involved
- Kevin HoganCriticized the Labor government's economic management and inflation performance
- Anthony AlbaneseThe prime minister whose economic decisions were criticized by Kevin Hogan
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Corebridge FinancialSpeculative
Corebridge Financial might face increased lending risk and financial instability due to macroeconomic pressure from rising rates and inflation
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The entities involved
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Kevin Hogan
American writer
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USA
river in Tatarstan and Udmurtia, Russia