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Reserve Bank may have gone ‘too far’ with raising rates

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Deloitte Access Economics Partner Stephen Smith points out how the latest inflation data shows the Reserve Bank may have gone “too far” in hiking up interest rates.

“We’re seeing now an economy that’s slowing, inflation that has decelerated, wage growth is not out of

control, inflation expectations are not out of control either,” Mr Smith told Sky News Business Editor Ross Greenwood.

 

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