Business
Australian economists debate spending cuts as alternative to RBA rate hikes
ABC explains case for and against spending cuts over rate hikes
1 Nov 2 1:22 AM · 11d ago · 1 article · 1 source · development 1 of 3
ABC's Tom Crowley publishes an explainer on how demand-suppressing tools work, citing RBA governor Michele Bullock on the dangers of embedded inflation and noting the political difficulty of cutting spending versus raising rates.
“It's critical that we stop [this] from becoming embedded in price-setting decisions across the economy or the problem will only become worse.”
Michele Bullock
Michele Bullock Reserve Bank of Australia governor
Jim Chalmers Australian TreasurerTom Crowley ABC News reporterAlbanese government Federal government of Australia
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first by ABC Australia, 11d ago
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