Stephen Miller says the RBA remains stuck between stubborn inflation and a slowing economy, with the August rate decision still finely balanced. While recent inflation data has eased some fears, Miller argues Australia’s persistent, homegrown inflation pressures — driven by weak productivity and structural policy shortcomings — mean the central bank may yet need to tighten further, making upcoming CPI data a critical indicator for markets and policymakers.

Read | Adviser Voice article

Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.