(Bloomberg) -- Australia’s central bank held its key interest rate at a 12-year high on Tuesday as it tries to subdue stubborn price pressures that are...
-- Australia ’s central bank held its key interest rate at a 12-year high on Tuesday as it tries to subdue stubborn price pressures that are preventing it from joining a global easing cycle.Belfast’s Grand Central Station Creates New Era for Northern Ireland’s Public Transport
Governor Bullock has repeatedly pushed back against talk of near-term easing, reflecting forecasts that inflation will only return to the 2-3% target in late 2025. That’s brought her into the political firing line from members of the ruling Labor party and minority parties that are pushing for a rate cut.
One of the factors behind persistent price pressures in the economy is a monetary-fiscal policy mismatch, economists say. While government largess has helped keep Australia out of recession and boosted the labor market, it is also making the RBA’s job harder.Westpac Banking Corp. this week released research showing new public demand rose to a record 27.3% of the real economy in the June quarter from a pre pandemic average of around 22.5%.
It comes as the opposition leader says Gooreng Gooreng man Justin Mohamed is being flown around the world ‘doing I don’t know what’
Michele Bullock Australia Governor Bullock
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