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Is a 14th rate rise the solution to Australia’s inflation problem?
Manage episode 429378664 series 3493296
Konten disediakan oleh Lap Phan and Australian Financial Review. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Lap Phan and Australian Financial Review atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
This week on The Fin, economics correspondent Michael Read explains why inflation has proved stickier than expected and raised the stakes for the Reserve Banks's big policy gamble.
This podcast is sponsored by Smartsheet.
Further reading:
https://www.afr.com/policy/economy/inflation-hits-six-month-high-raising-risk-of-a-rate-rise-20240626-p5jot7
Investors say there is now a one-in-three chance of an August interest rate rise after inflation accelerated to its highest rate in six months and economists warned price pressures remained too strong.
https://www.afr.com/policy/economy/rba-won-t-be-influenced-by-europe-and-canada-on-rate-cuts-20240607-p5jk4z
The Reserve Bank of Australia will not be swayed by interest rate cuts in Canada and Europe, says deputy governor Andrew Hauser, as he warns that high inflation is having “toxic” effects on households and preventing businesses from expanding.
https://www.afr.com/policy/economy/rba-board-split-in-doubt-as-libs-dig-in-20240509-p5in16
Treasurer Jim Chalmers could be forced to shelve his signature plan to create a specialist interest rate-setting board at the Reserve Bank of Australia after a breakdown in talks with the Coalition.
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