Australian Prime Minister
Anthony Albanese spoke at a press convention, saying he has instructed “Treasury and Finance … to provide consideration to what
are the measures that may take stress off households on
cost-of-living with out placing stress on inflation”.
- “That is the important thing difficulty right here. In case you had been simply to distribute
extra money to folks, you doubtlessly make inflation worse,
and subsequently do not assist to resolve the issue.”
Yes, that’s the thing isn’t it? On one hand you’ve got the Reserve Bank of Australia holding interest rates at their highest in more than a decade in order to combat rising prices, and on the other hand you’ve got the government trying to ease that pressure.
