‘Too high’: RBA boss ‘singled out’ state and federal spending
DPG Advisory Solutions’ David Gazard says the Reserve Bank governor “singled out” state and federal spending because it is “too high”.
This comes after Reserve Bank Governor Michele Bullock said on Tuesday that a rate cut before Christmas is not on the cards.
The central bank has left rates on hold at 4.35 per cent for the sixth consecutive meeting.
“If you listen to Reserve Bank Governor Michele Bullock, she has singled out state and federal spending, wage hikes,” Mr Gazard told Sky News Australia.
“These are too high.”
Credit to : Sky News Australia
