Why prices will remain high despite easing inflation | RBA HQ cost blow out

4 months ago The News Room

The Reserve Bank Governor has acknowledged high price rises of recent years will continue to impact Australians despite easing inflation; renovation costs at the RBA likely to blow out by at least $1 billion; and new research shows millions of Australians don’t feel financially confident, so what can be done about it?

00:00 The Reserve Bank Governor warns higher prices are here to stay
02:31 The Australian sharemarket finished higher following a strong lead from Wall Street at the weekend
03:32 Indian Prime Minister Nerendra Modi calls on Indians to buy locally produced goods to reduce the effect of the US tariffs on the economy
04:30 Cost of living pressures have seen the amount needed for singles and couples to retire comfortably per year rise

Ricardo Gonçalves breaks down the day’s financial news in On The Money.

#FinanceNews #CostOfLiving #RBA #AustralianEconomy

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