Bullock says the economy is hot. Chalmers says it’s not. Who is right?
It is rare for a treasurer and a central bank governor to be at odds over the economic outlook, but that is exactly what is happening right now.
Treasurer Jim Chalmers and RBA governor Michele Bullock. AFR
It is rare for a treasurer and a central bank governor to be at odds over the economic outlook.
But that is exactly what is happening right now. Reserve Bank governor Michele Bullock contends that the economy is still too hot, despite successive quarters of weak GDP growth. But Treasurer Jim Chalmers says prolonged high interest rates are “smashing the economy”.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles