Sep 28, 2022
It’s been an interesting month full of economic news.
Recently the latest US inflation figures spooked the markets as there was no sign that underlying inflation is abating
Then back home, Reserve Bank Governor Philip Lowe warned that a deteriorating global economy would make it hard for Australia to achieve a “soft landing” due to the economic buffeting that is underway.
He is also worried that businesses are using inflation as a cover for even higher prices. And speaking of the property markets, he explained he would not be surprised if house prices fall 10 percent from their peak. He also said the RBA wasn’t to blame for housing affordability issues - blaming the choices made by society.
There’s a lot to unpack from Governor Lowes’ speech so in today’s show Dr. Andrew Wilson and I discuss this plus lots more.
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Shownotes plus more here: RBA interest rate warning: the global signs aren’t good, with Dr. Andrew Wilson