(Bloomberg) -- Australia’s central bank can and will bring down inflation, Deputy Governor Andrew Hauser said on Friday, warning that unchecked price...
-- Australia ’s central bank can and will bring down inflation, Deputy Governor Andrew Hauser said on Friday, warning that unchecked price increases are “toxic” and pointing out they have caused wars in past eras.Billionaire-Friendly Modi Humbled by Indians Who Make $4 a DayHauser, speaking at an economic conference in Sydney, reaffirmed that the battle against sticky prices is still not over and will be fought to the end.
He highlighted that Canada’s interest rates were higher than Australia’s and its inflation rate was lower. Europe, meanwhile, has had a persistent lack of growth, he noted. ECB officials “are not at all sure where rates are going next” from here, though they were keen to begin the rate-cutting cycle, Hauser said.Economists expect a first RBA cut late this year while market pricing implies an easing cycle will start around mid-2025.
Some economists, including former RBA Assistant Governor Luci Ellis, see a stagflation scenario as quite plausible. Still, at 4.1%, Australia’s jobless rate remains below the RBA’s assessment of full employment. “He’s energetic, passionate about what he is talking about, thoughtful in his answers,” she said. “He also brings that much needed global perspective.”Trump Did A Weird Thing With His Mouth And You'll Never Unsee ItJäykät nivelet? Kokeile Arthorol Prota ilmaiseksi*Former Rep. Liz Cheney’s PAC made a subtle dig at former President Trump in a new D-Day-themed advertisement Thursday.
A former neighbor of Supreme Court Justice Samuel Alito on Wednesday disputed his account of a neighborhood spat that led to the hoisting of an upside-down US flag on his property in Virginia, saying that his timeline of what happened is wrong.Attorney calls Judge Cannon’s decision in Trump case ‘not normal at all’
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