A whole bunch of Australians are going to get free money on July 1

  • This is what the RBA is up against - helicopter money!

The money is coming from a politician, of course:

Australia helicopter money 02 May 2024 2

Miles is Premier of Australia's Queensland state, which has a population of just over 5mn, which is nearly 20% of Australia's population.

This sort of fiscal stimulus is, at the margin, making the Reserve Bank of Australia's work against inflation that little bit more difficult.

---

Of course, the eagle-eyed amongst you will spot that this is $1,000 Australian dollars. Which is equivalent to the purchase price of a Big Mac in the US, if my maths is right ;-)

Top Brokers

Sponsored

General Risk Warning