UniSuper CIO John Pearce argues that raising interest rates could harm RBA's inflation control due to increased spending.

UniSuper's Chief Investment Officer, John Pearce, argues that raising interest rates could hurt the Reserve Bank's inflation control efforts by giving households more spending money. As the RBA sets official interest rates, Pearce believes monetary policy has reached its limit in tackling Australia's inflation problem. Despite current inflation at 3.8%, some economists still want the central bank to raise rates further.

August 04, 2024
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