RBA inflation rate 1 feb 2023

Inflation might past its peak, Reserve Bank says

Deltafx Admin 1 February 2023

The central bank expects inflation to decline in 2023 after forecasting peak inflation of 8% last year.

Marion Koehler, the RBA’s head of economic analysis, told a parliamentary committee on the cost of living that the central bank was reviewing its economic forecasts and that inflation had already peaked.

fficial inflation figures show consumer prices rose 7.8% in the December quarter.

The RBA has raised the interest rate since May 2022 in response to the rise in inflation. Dr. Koehler acknowledged that mortgage holders are worried about higher interest rates.

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