Peter Tulip

With underlying inflation accelerating, despite large fiscal subsidies, the economy appears to be operating beyond its sustainable capacity. The outlook for inflation, under unchanged policy, would be for a prolonged return towards the target. If the RBA signals acquiescence with that, inflation expectations will increase, leading to more unemployment in future. So further tightening is needed.

Outcome date: 
Sunday 05 November 2023
Current rate: 
12 months: 
6 months: 
3 Years: 

Updated:  26 February 2024/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin