Australian Treasury official speaking - headline inflation slowing ... but ...Middle East

Secretary to the Australian Treasury, Dr Steven Kennedy, is giving testimony in the Australian parliament, at the Senate Budget Estimates, Economics Legislation Committee.You can view the live event here.In brief:Interest rates will come down, but not to pre-pandemic levelshousehold consumption is subduedhouseholds are rebuilding savings underlying inflation is useful for the direction of inflation, headline inflation has shown a "material" fall in cost of living pressures.a fall in cost of living pressure has been shown in headline inflation underlying inflation showing the direction of inflationsays trade off between lower inflation and jobsAUD not a lot changed on his testimony, he does n

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