Liberal Senator Jonathon Duniam has claimed Treasurer Jim Chalmers would 'take credit' if the RBA cuts interest rates following a bold prediction that inflation would fall 'quite substantially' in figures set to be released on Wednesday.
Liberal Senator Jonathon Duniam has claimed Treasurer Jim Chalmers would"take credit" if the RBA cuts interest rates following a bold prediction that inflation would fall"quite substantially" in figures set to be released on Wednesday.
Inflation, as measured by the Consumer Price Index, is currently sitting at 3.5 per cent according to the Australian Bureau of Statistics, down from 3.8 in the June quarter. Inflation, as measured by the Consumer Price Index, is currently sitting at 3.5 per cent according to the Australian Bureau of Statistics, down from 3.8 in the June quarter. Picture: Australian Bureau of Statistics
"Despite the fact that the Treasurer every time that there is no rate cut or if there has been a rate increase, it's everyone else's fault... I'm sure he'll take credit if there is a rate reduction. A 50 basis point cut in the United States has led markets to speculate the central bank could act sooner, but with the Bank of England choosing to hold rates steady in the United Kingdom, as well as material differences in economic conditions between Australia and overseas, most observers believe the RBA will continue to hold next week.
Jonathon Duniam United States Bank Of England Jim Chalmers Consumer Price Index United Kingdom RBA ABS Inflation Australian Bureau Of Statistics UK CPI US Warren Hogan Interest Rates
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