Australia's inflation will not reach its target until 2026, says RBA governor: Explainer 26 Sept
Deputy Governor of the Reserve Bank of Australia (RBA) Michelle Bullock speaks during Senate Estimates at Parliament House in Canberra, Wednesday, February 15, 2023. (AAP Image/Lukas Coch) NO ARCHIVING Credit: AAPIMAGE
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The Reserve Bank has held the cash rate steady, as expected by economists, with a warning: inflation remains too high. While central banks around the world have already started cutting rates, Central Bank of Australia (RBA) governor Michelle Bullock says they also raised rates much higher than in Australia. Listen to SBS Sinhala explainer for more information.
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