Assistant Treasurer and Financial Services Minister Stephen Jones says inflation has peaked and both the government and households are eager to see it decrease. The Reserve Bank has kept interest rates on hold for the fourth consecutive month to address cost of living pressures. 'Our priority focused on providing the cost of living relief and in that context, welcomed the fact that the Reserve Bank has put rates on hold for another month,' Mr Jones told Sky News Australia. 'The fourth month in a row. 'It's a wait-and-see exercise now focused on the data focused on what's coming on at us from around the world and here in Australia.'
‘Our priority focused on cost of living relief’: Stephen Jones on rate pauseAssistant Treasurer and Financial Services Minister Stephen Jones says inflation has peaked and both the government and households are eager to see it decrease.
The Reserve Bank has kept interest rates on hold for the fourth consecutive month to address cost of living pressures. "Our priority focused on providing the cost of living relief and in that context, welcomed the fact that the Reserve Bank has put rates on hold for another month," Mr Jones told Sky News Australia."It's a wait-and-see exercise now focused on the data focused on what's coming on at us from around the world and here in Australia."
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