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Why it’s Michele Bullock versus the Boomers

UBS data shows household income from superannuation is running hot, making the economy more resilient to interest rate rises and inflation stickier.

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George Tharenou, the chief economist for UBS in Australia, is one of many local commentators who believe the Reserve Bank is probably done lifting rates.

But Tharenou’s base case is that governor Michele Bullock will keep rates at their current 12-year high for 12 months, as the central bank struggles to bring sticky inflation to heel.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/why-it-s-michele-bullock-versus-the-boomers-20231110-p5eiys