Expert predicts official cash rate to hit 4%t as inflation continues to rise

Expert predicts official cash rate to hit 4%t as inflation continues to rise

7NEWS Australia published this video item, entitled “Expert predicts official cash rate to hit 4%t as inflation continues to rise” – below is their description.

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About This Source - 7NEWS Australia

Seven News is the television news service of the Seven Network and, as of 2016, the highest-rating in Australia. The news service draws upon overseas channels for select international coverage. The network’s Director of News and Current Affairs is Craig McPherson.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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