eli5: who or what is profiting from the MASSIVE interest rate rises in Australia? Is it the banks holding your mortgage? The Government?!.. basically, who is loving life right now?
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Well, it’s hard to say for sure, man. But it’s definitely possible that the banks holding your mortgage are benefiting from the rate hikes. They’re making more money off of the interest you’re paying, after all. And the government could also be benefiting in some way, since they might be able to use the increased revenue to fund other projects. But at the end of the day, it’s really hard to know for sure who is loving life right now. It could be a lot of different parties, or nobody at all. The world is a mysterious place, my friend.
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