Australia not ‘through the woods’: RBA trying to predict economic future

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The RBA is trying to predict what will happen to Australia’s economy over the next three years, deciding whether or not they will need to raise the cash rate again.

Former Liberal advisor David Gazard told Sky News Australia, “It is good to see inflation coming down, I think people will be breathing a bit easier”.

“But it would be a mistake to have a loose fiscal policy running now in the expectation that we’re through the woods.”

 

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