Australians are being warned they could endure falling living standards for at least another year. The Reserve Bank has upwardly revised its inflation forecasts for Australia's economy after the country experienced levels higher than expected. The Reserve Bank's quarterly Monetary Policy Statement said rising migration and infrastructure spending could leave inflation stubbornly high into 2024. It also forecasts a drop in household disposable income, which had been earmarked to fall by 2 per cent this year. The warning follows the Central Bank's decision to increase interest rates for a 13th time this week to 4.35 per cent.
إرسال تعليق