A larger than expected fall in inflation shows the Reserve Bank may have gone 'too far' with rate hikes according to Deloitte, with the challenge now resting with the government to address housing pressure.
Deloitte partner and economist Stephen Smith said a larger than expected fall in inflation may mean the Reserve Bank went"too far" with interest rate hikes.
Deloitte partner and economist Stephen Smith said a larger than expected fall in inflation may mean the Reserve Bank went"too far" with interest rate hikes. Picture: Australian Bureau of Statistics Housing was the main supply side challenge according to Mr Smith, with Australia"not building enough" new dwellings to ease pressure on rental prices - one of the major factors keeping inflation high.
Housing was the main supply side challenge according to Mr Smith, with Australia"not building enough" new dwellings to ease pressure on rental prices - one of the major factors keeping inflation high. Picture: Getty Images The deadlock over the HAFF shows little signs of breaking, suggesting state and territory governments may need to shoulder the burden for now as rental prices continue to soar.
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