With this prediction, the RBA remained concerned about ‘persistent’ services inflation in many other countries, which hit a two-decade high in Australia, during the first 3 months of 2023.
“If these risks materialised, they would further delay the return of inflation to target, with the prospect of a damaging shift in inflation expectations,” the RBA stated.
31st May 2024
8th May 2024
4th May 2024
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