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core inflationThe Sydney Morning Herald
•62% Informative
When the RBA board next meets, I believe there’s a better-than-even chance it will raise rates for the first time in nine months to 4.6 per cent , the highest level in nearly 13 years .
The first clear sign that inflation would be a problem came on April 27, 2022 , just two weeks into the 2022 federal election campaign.
Core inflation (excluding volatile items) peaked at 7.3 per cent in December 2022 and has since fallen to 4.1 per cent .
Federal government began pumping roughly $43 billion of further stimulus into the economy this week .
And those of us who urged the RBA to do more and the government to do less for the past two years were trying to avoid exactly this eventuality. Those who advocated dovish policy in the name of protecting the most vulnerable have, in fact, put them at greater risk. If we have a recession, it will be on their heads. Steven Hamilton is assistant professor of economics at George Washington University and visiting fellow at the Tax and Transfer Policy Institute at the ANU ..
VR Score
73
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75
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33
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