Philip Lowe South Korea Australia Lowe's Target Philip Lowe South Korea Australia

Inflation Outpaces Forecasts in Australia and South Korea

Reading now: 502
wsj.com

Policy makers in Australia and South Korea warned that inflation was rising faster than expected, and the head of Australia’s central bank said it would take years for it to return to normal levels.Reserve Bank of Australia Gov.

Philip Lowe on Tuesday said inflation in Australia is on track to rise to 7% by the end of the year, higher than the bank’s last forecast in May when it expected inflation to peak at around 6%.

Read more on wsj.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA