Reserve Bank reveals for the first time when the inflation pain for Australians will end
- Reserve Bank expects high inflation until 2025
- That’s when it sees return to 2 to 3 per cent target
The Reserve Bank has revealed it is expecting Australia’s inflation pain to continue until the middle of 2025.
The latest statement on monetary policy has revealed the RBA doesn’t expect headline inflation to return to the top of its 2 to 3 per cent target until June 2025.
Inflation in 2022 surged by 7.8 per cent, the steepest pace since 1990, and hasn’t been within the target range since the September quarter of 2021.
The Reserve Bank has revealed it is expecting Australia’s inflation pain to continue until the middle of 2025 (pictured is Governor Philip Lowe this week)
