Super Savers: Economists Pitch Alternative to Interest Rate Hikes

The Reserve Bank of Australia (RBA) has left interest rates at 4.35 percent, providing relief for mortgage holders.

However, as the RBA weighs its options for future rate hikes to combat inflation, some economists suggest an alternative approach: using superannuation to manage inflation.

Independent economist Saul Eslake proposes that instead of raising interest rates, which tend to penalize those with mortgages and savings, the government could consider increasing super contributions or lowering the retirement age.