The latest RBA’s Statement On Monetary Policy (More than 80 pages) said very little which was new, with inflation not expected to land within their target zone until 2025, with lower growth and higher unemployment. They reconfirmed an expectation rates could still go higher.
They did try to defend corporate profits as not driving inflation…. hum… but not very successfully in my book.
https://www.rba.gov.au/publications/smp/2023/may/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
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