Normal
I thought this had a 1970's feel about it.[URL unfurl="true"]https://www.theage.com.au/politics/federal/higher-energy-prices-and-rents-adding-to-inflation-and-threat-of-rate-rises-20230505-p5d5u5.html[/URL]Rising energy prices and rents will add substantially to cost-of-living pressures over the next year or so despite the Reserve Bank’s efforts to tackle inflation, with the bank warning more interest rate rises may be needed to bring the economy under control.Inflation is falling slightly faster than the central bank expected, slowing economic growth this year. But it is also hastening the prospect of real increases in wages, which are now forecast to grow faster than inflation by the middle of next year.
I thought this had a 1970's feel about it.
[URL unfurl="true"]https://www.theage.com.au/politics/federal/higher-energy-prices-and-rents-adding-to-inflation-and-threat-of-rate-rises-20230505-p5d5u5.html[/URL]
Rising energy prices and rents will add substantially to cost-of-living pressures over the next year or so despite the Reserve Bank’s efforts to tackle inflation, with the bank warning more interest rate rises may be needed to bring the economy under control.
Inflation is falling slightly faster than the central bank expected, slowing economic growth this year. But it is also hastening the prospect of real increases in wages, which are now forecast to grow faster than inflation by the middle of next year.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
