RBA Governor Presents a ‘Reasonably Dire Outlook’ for Australia

RBA Governor presents a ‘reasonably dire outlook’ for Australia

RBA Governor Michele Bullock presented a “reasonably dire outlook” following the central bank’s interest rate decision, according to Shadow Finance Minister Jane Hume.

“I don’t think Michele Bullock could have been any more clearer in yesterday’s statement of monetary policy,” Ms Hume told Sky News Australia.

“Quite frankly, that was a reasonably dire outlook that she was presenting us.

“She was saying that inflation is going to stay higher for longer, which means that interest rates stay higher for longer.

“The growth forecasts are flat, that real wages are flat, that productivity has gone backwards – these are the real concerns for Jim Chalmers.”
Credit to : Sky News Australia