Australia’s headline inflation rate has accelerated to 4.3%, sharpening expectations of another interest rate rise next week. ‘We know this doesn’t make it any easier for Australian families,’ treasurer Jim Chalmers said on Wednesday, adding that ‘the end of the war in the Middle East can’t come soon enough’.
Speaking at Senate estimates, RBA deputy governor Andrew Hauser described inflation as ‘too high’ and revisited his earlier warning about a ‘central banker’s nightmare’. But RBA chief economist Sarah Hunter said none of the bank’s real-time indicators suggested the economy was heading into a recession
Continue reading…Australia’s headline inflation rate has accelerated to 4.3%, sharpening expectations of another interest rate rise next week. ‘We know this doesn’t make it any easier for Australian families,’ treasurer Jim Chalmers said on Wednesday, adding that ‘the end of the war in the Middle East can’t come soon enough’. Speaking at Senate estimates, RBA deputy governor Andrew Hauser described inflation as ‘too high’ and revisited his earlier warning about a ‘central banker’s nightmare’. But RBA chief economist Sarah Hunter said none of the bank’s real-time indicators suggested the economy was heading into a recessionAustralia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year Continue reading…