Economy set to worsen, with higher unemployment and weaker growth on the way, Jim Chalmers reveals
Two days after a senior Reserve Bank official foreshadowed the potential for another interest rate hike in under two weeks’ time, the treasurer in a speech…
The Guardian reports that two days after a senior Reserve Bank official foreshadowed the potential for another interest rate hike in under two weeks’ time, the treasurer in a speech on Friday morning will say “higher inflation is putting people under…
This business story centres on Australia. Names and organisations mentioned in the coverage include Jim Chalmers, Australian and Reserve Bank.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- Australia · Oceania
- Reported by
- The Guardian
- First reported
- Key names
- Jim Chalmers, Australian, Reserve Bank
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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