Probably doesn't need to just hit "retirement savings" but you could say savings as a whole. At least that way offset accounts wouldn't be negatively impacted.

ues, but that change won't come by voting ALP/LNP/ONP (the latter just hate ex-pats)

Until the Overton Window moves nothing much changes.

We could also not hit people with mortgages at all. In the US all mortgages are fixed-rate for the whole term of the loan.

There already is. The RBA only sets the "cash rate". Your mortgage isn't at the cash rate, and neither are the loans businesses take out. They're influenced by it, and a lot of banks will essentially have their rates rise and fall in lockstep with it, especially for regular people who don't have the negotiating power to lock in special agreements, but they don't have to.

That's kind of the case in the US. They don't have variable-rate home loans, so only business borrowing is affected by the US Federal Reserve's interest rate.

And consequently this degrades peoples trust in our public institutions. "They only have one lever". Yeah, and it isn't having the intended effect.

the problem is we're too rich

https://slrpnk.net/post/37557537