Inflation expected to decline by ‘early next year’: Lowe

Reserve Bank of Australia Governor Philip Lowe said inflation is now expected to peak at 7% in the December quarter, up 1% from previous forecasts.  “When the RBA released its last set of forecasts in May, we expected inflation to peak at the end of the year at around 6%.  The information we have since then has led us to push the peak inflation forecast higher,” he told a news conference on Tuesday.  “We now expect inflation to peak at 7% in the December quarter.

Reserve Bank of Australia Governor Philip Lowe said inflation is now expected to peak at 7% in the December quarter, up 1% from previous forecasts. “When the RBA released its last set of forecasts in May, we expected inflation to peak at the end of the year at around 6%. The information we have since then has led us to push the peak inflation forecast higher,” he told a news conference on Tuesday. “We now expect inflation to peak at 7% in the December quarter. “After that, early next year, we expect inflation to start to come down.” Reserve Bank of Australia Governor Philip Lowe said inflation is now expected to peak at 7% in the December quarter, up 1% from previous forecasts. “When the RBA released its last set of forecasts in May, we expected inflation to peak at the end of the year at around 6%. The information we have since then has led us to push the peak inflation forecast higher,” he told a news conference on Tuesday. “We now expect inflation to peak at 7% in the December quarter. “After that, early next year, we expect inflation to start to come down.”

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