Stephen Miller from GSFM tells ausbiz that the Reserve Bank of Australia’s decision to keep rates steady, despite the rise in price and wage data, could hint at inflation risks. He emphasizes that, while this scenario isn’t a foregone conclusion, it also isn’t beyond the realms of possibility. Drawing parallels between the policies of the Reserve Bank of Australia and the Reserve Bank of New Zealand, Stephen suggests that New Zealand’s decision to hold rates may stem from a larger underlying issue. He further addresses the escalation of rent prices and problems surrounding the housing market, attributing them largely to an insufficient housing supply.

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