These are the six economists who don’t know who the local economy works:
Persistently high inflation, bubbling wage pressures, weak productivity growth and stimulus from income tax cuts mean borrowers may have to wait another year for the Reserve Bank of Australia to cut the cash rate.
…“Everyone’s talking about the last mile of inflation globally, and I think we’ve probably got a greater problem with that in Australia than other economies,” former senior RBA official Jonathan Kearns told The Australian Financial Review
