Calls grow for RBA to hike rates again, and again
DInflation is too high, says former Treasury economist Warren Hogan.
"It's sticky, it's persistent and it's stubborn," he says.
Inflation peaked in Australia at close to 8% in late 2022, and has since fallen significantly to 3.6%.
But Warren Hogan says that's where it appears to have stalled.
"We're trying to pull off something no country has ever done, we've never done," he says.
"And that is get rid of inflation without a recession. Without a bad recession.
"And that's that narrow path. And it just looks like we're wandering off it. And that is a signal to the RBA that rates aren't high enough unfortunately.
