Why RBA and Treasury inflation forecasts are different | The Business | ABC News

Westpac Group chief economist and former RBA assistant governor, Luci Ellis says while much has been made about the difference in inflation forecasts between the government and Reserve Bank, they're not far apart. Subscribe: ab.co/1svxLVE Read more here: www.abc.net.au/news/business
She thinks the probability of an interest rate hike has declined, following the latest wages and jobs data.
But she warns the government is walking a fine line between providing support and services to a household sector under pressure and avoiding adding to that pressure by boosting inflation and possibly interest rates.
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on X (Twitter): / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia