RBA official says decline in Australian inflation to be slower than previously forecast ...Middle East

Reserve Bank of Australia Assistant Governor (Economic) Marion Kohler spoke at a conference on the outlook for the Australian economy, approaches the Bank uses to assess where the economy is relative to full employment, and a review of economic forecasts for the past year. Decline in inflation to be more gradual than previously thoughtBringing inflation back to target is likely to be more drawn outDomestically sourced inflation has been widespread and slow to declineStill-strong levels of demand have allowed businesses to pass on cost increasesWages growth has picked up, but now appears to have broadly stabilisedKey risks is possibility that high inflation today feeds into inflation expectat

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RBA official says decline in Australian inflation to be slower than previously forecast ...Middle East

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