The RBA has downgraded its economic growth forecasts in its Statement on Monetary Policy while also admitting higher inflation for longer will mean a continued decline in real wages. SBS Finance Editor Ricardo Gonçalves speaks to AMP Capital Chief Economist Shane Oliver for more; and gets the market reaction with Azeem Sheriff Sharrif from CMC Markets.
The RBA has downgraded its economic growth forecasts in its Statement on Monetary Policy while also admitting higher inflation for longer will mean a continued decline in real wages. SBS Finance Editor Ricardo Gonçalves speaks to AMP Capital Chief Economist Shane Oliver for more; and gets the market reaction with Azeem Sheriff Sharrif from CMC Markets.
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