‘Lot of uncertainty’: Heightened inflation putting pressure on the economy

Deutsche Bank Chief Economist Phil O’Donaghoe says there is a “lot of uncertainty” surrounding Australia’s economic climate.

“The RBA is seeing heightened inflation pressures, relative to their forecast,” he told Sky News Business Reporter Edward Boyd.

“We just don’t know where they’re going to land for Q2, and I think it’s going to be critical for the upcoming RBA board meeting.”

[RogueElementMkII]

The only inflation going on here, are the egos of Albo, Bowen and Chalmers.
Unfortunately we're all paying for it.

[Grybyx]

Albo couldn't care, the minorities are his only concern.
I have voted ALP every year since '83. Albo, you have forgotten hard workers like me and I'm going to forget voting for you next year!

[jamesgowing]

We cant cut rates because we have poor government at the moment. The sooner Albo is voted out the better.

[dpitt]

ALbo wont cut the fuel excise to lower cost of goods - he must really want that next undeserved raise he's planning on giving himself :)

[philippusgouws]

Charge the gas companies royalties, you give it away for free

[jessekoch]

If it's so good, why is Australia ranked 88th on productivity. Easy, there isn't any.

[guffawersyd]

If interest rates rise then Albanese is finished

[Deano]

What!! You mean raising the cash rate to 4.35% wasn’t high enough to stop 8% inflation lol😂

[julesmarwell]

Hooray we just got to know THAT ALBOSLEEZY IS HEAD OF THE AUSTRALIAN MAFIA

[andrewmckay]

All the 10k a Day migrants being shipped in cannot get a job or house.

[gordonwells]

Thank you Jim Chalmers and Anfony Albanese….economic extraordinaires….the country has never been worse off.

[mikerowe]

RBA gambling with peoples lives instead of doing what needs to be done

[wongjock]

This will be the recession that we have to have

[Lounge-vemb]

Rate rises will be August 2024, October or November 2024. Third possible by April 2024. Do the math.

[sensaznal]

After the next rate rise, Albo should immediately call the next election.

[chopperking]

Cheap fuel n power is what we want and labor does absolutely nothing to achieve it and renewables will never work

[ohhoney]

Raising rate won’t keep the inflation down… 🙄

[GrandpaVince]

The only uncertainty we want is the uncertain feeling when you bite into a dingo pie, is the dingo still alive?

[MrDyhard]

Let’s get something straight here - jobs in government are just more government spending, they do nothing to bring in foreign income. The NDIS is a big chunk of reported job growth and spending on it is now a major chunk of government tax revenue. We’re also facing a looming mining revenue problem when China opens its new African iron ore mine - the much vaunted ‘Pilbara killer’. This incompetent government has to go.

[kidsoxoxox]

Good news for debt free savers. Take rates to 10%.