Australia’s inflation ‘higher’ than what was anticipated
Sky News Business Editor Ross Greenwood says Australia’s inflation is “higher than what it was anticipated to be”.
Mr Greenwood said it has led to many people suggesting the Reserve Bank of Australia will “delay interest rate cuts” until sometime next year.
“The interesting thing for government right now is to whether the first interest rate cut will eventually come after the time of the next election.
“Because you’ve got some sense that maybe the timing of that first interest rate cut might’ve come when the election was going to take place.”
Mr Boyd joined Sky News host Peta Credlin to discuss concerns of the government’s tax cuts potentially adding to inflation.
Credit to : Sky News Australia