Stephen Miller from GSFM suggests that third or fourth-quarter wage and CPI statistics might compel the bank to adjust tactics again. He brings attention to the hazard of a damaging cycle of wage and price hikes, instigated by greater salaries and international factors. Stephen also mentions the inflationary effect of the FIFA Women’s World Cup, despite not considering it to be a major factor. Stephen wraps up by hypothesizing a potential halt in action by the bank’s Michelle Bullock in October due to the complex juggling act she faces amidst different pressures.

Watch Stephen Miller on ausbiz

Next Video