 The Reserve Bank of Australia has been raising rates in Australia. While arguing that inflation is being pushed by supply disruption and capacity constraints the Bank recognises there is not much they can do about these factors. But that they can try to slow demand. It looks like they are impacting. Via ANZ here in Australia:Australias spending slowdown has begun. Total ANZ-observed spending from 20 Nov 18 Dec was just 10 higher than in 2019, desp... 