RBA's Bullock Says Rate Hikes, Cost Of Living Crisis To Bring Inflation Down

Reserve Bank of Australia Deputy Governor Michele Bullock said the interest rate hikes together with the cost of living pressures are set to weigh on consumption and cool demand, thus help to bring inflation back to the target. Although inflation forecasts were revised up a little, there are good reasons to believe that the peak of the inflation is approaching, Bullock said in Sydney on Wednesday

from RTT - Top Story https://ift.tt/wHF3NEQ
via IFTTT

Comments