Chanticleer
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.
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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