Building costs creating ‘difficult’ choice on rates for RBA: Bullock
Rapidly rising building costs are keeping inflation in Australia higher than overseas, Reserve Bank of Australia governor Michele Bullock has warned, as the economy enters a “difficult” stage where demand remains too hot.
“We’re not seeing the same progress [on inflation] as overseas,” she told an annual superannuation lending roundtable hosted by The Australian Financial Review and packaging company Visy on Tuesday.
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