Alan Kohler: The RBA has done enough – it would be reckless to keep hiking rates

The RBA has already done enough: it would be reckless, heartless and dangerous to keep raising interest rates, Alan Kohler writes. Photo: TND

I was watching a speech by the new far-right prime minister of Italy, Giorgia Meloni, described by some as a Mussolini-style fascist, and was settling in for the usual rant against woke left-wing elites and cancel culture, when she named a different, and surprising enemy: Financial speculators.

“I can’t define myself as Italian, Christian, woman, mother. No. I must be citizen x, gender x, parent 1, parent 2. I must be a number. Because when I am only a number, when I no longer have an identity or roots, then I will be the perfect slave at the mercy of financial speculators. The perfect consumer,” she said.