The Reserve Bank of Australia (RBA) delivers a speech titled “Price Stability, the Supply Side and Prosperity” on Tuesday at the Australian Economic Development Committee annual dinner.
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The Council expects further increase interest rates in the future.
This is not a set path, but could return to 50 basis point moves or leave rates unchanged for a while.
We are looking at the world economy, household spending, wage behavior and pricing.
We understand that many people find it difficult to raise interest rates.
We need to make sure that the current period of higher inflation is only temporary.
It will probably have to living with a greater variability of inflation in the future.
It will become increasingly problematic to set a narrow range for inflation targets.
A strong nominal anchor for inflation is more important than ever.
It is important that governments maintain a strong structural budgetary position.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
