T-note yield briefly climbs above 3%
AxiosMAR 16 2022
Morrison has been unable to deal with economic challenges, leading Australia to a cost of living crisis. While he and his cabinet keep denying their responsibility, this rate hike joins the deterioration of real wages and skyrocketing inflation, destroying Morrison's credibility.
It's illogical to blame Morrison for an economic decision made independently by the RBA. The decision to bring interest rates back to normal levels was predictable as the pandemic rates can't last forever. This is not an indication of economic mismanagement.