Though Australia’s more recent inflation reading was relatively low compared with the US and some other major economies around the world – ours is expected to move higher. Host Andrew Baxter attributes this largely to the Reserve Bank of Australia being slow to jump on increasing interest rates and even slightly taking their foot off the gas when it comes to the size of rate hikes. The initial statement was that there was no need to increase interest rates until 2024, but this proved to not be the case. The goal of the RBA was to avoid a recession, but in many cases, it can be easier to kickstart a country out of a recession versus reining in rampant inflation. https://www.reddit.com/user/andrew_baxter/comments/18zt48j/peak_inflation/?rdt=61815 #andrew_axter #andrew_baxter_australian_investment_education #andrew_baxter_review #andrew_baxter_scam #australian_investment_education #australian_investment_education_review