Ratings agency warns government and Reserve Bank pulling in opposite directions
Summarised from 2 outlets · Updated 7 Oct, 17:55 · Archive
S&P says the federal government and Reserve Bank are pulling in opposite directions in fighting inflation.
Ratings agency S&P has raised concerns about conflicting economic policies, warning that the federal government and the Reserve Bank are pulling in opposite directions in the fight against inflation. The agency's warning suggests that while one institution is taking steps to combat rising prices, the other's actions are counteracting those efforts.
The critique highlights tensions between fiscal and monetary policy approaches, with S&P indicating that the lack of coordination between government spending decisions and the Reserve Bank's inflation-fighting measures could complicate efforts to bring inflation under control.
How it is being reported
- Ratings agency warns on record government spendingThe federal government and the Reserve Bank are pulling in opposite directions in the fight against inflation, ratings agency S&P says.Perth Now · 7 Oct, 17:34
- Ratings agency warns on record government spendingThe federal government and the Reserve Bank are pulling in opposite directions in the fight against inflation, ratings agency S&P says.The West Australian · 7 Oct, 17:34
In this story: S&P · Reserve Bank · Australia
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