Kind of ironic that the RBA governor mixed up inflation (CPI) and cost-of-living, given the RBA were the ones in 1998 who lobbied to get mortgages taken out of the CPI
Last week the RBA Guv said: "“people who have mortgages … see increases in interest rates as an increase in the cost of living, but it’s not really”. Sorry Michele. But it is. Really. My column www.theguardian.com/business/gro...