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Did the RBA go too hard to reduce inflation? Economists voice concerns

Author
Newstalk ZB,
Publish Date
Thu, 7 Mar 2024, 6:32pm
Photo / 123RF
Photo / 123RF

Did the RBA go too hard to reduce inflation? Economists voice concerns

Author
Newstalk ZB,
Publish Date
Thu, 7 Mar 2024, 6:32pm

There's growing concern Australia's Reserve Bank may have gone too far to reduce inflation.

The RBA infamously pushed the Official Cash Rate up 13 times in a row, and some economists are concerned Australia's economy may suffer as a result.

Australian correspondent Murray Olds says decreased spending has shrunk economic growth in the last three months of 2023.

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