Speaking of 2024, let's not ignore the RBA's inflation target...

Speaking of 2024, let's not ignore the RBA's inflation target statement from yesterday:
"RBA's inflation target remains 2-3 per cent, but the new statement is more specific than the previous version, directing the RBA to aim for the middle, or 2.5 per cent."

It's ironic that the undertone of Chalmers comments, post-rates announcement earlier in the month, was suggestive of a rates peak only for this to come out shortly after. Perhaps this is Chalmers approach to undermining Albanese's leadership. You'd be a clown with your pants down to be optimistic about rate cuts next year considering Australia's well behind the eight ball on QT, in conjunction with working towards 2.5 vs 3.