Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 3AW online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

‘We need continuity’: Treasurer insists inflation target will remain unchanged

Article image for ‘We need continuity’: Treasurer insists inflation target will remain unchanged

Treasurer Josh Frydenberg says he will not lower the inflation target which sits between two and three per cent.

The target has been unchanged since the 1990s and the Treasurer insists that it will remain.

In line with expectations, the Reserve Bank has held interest rates at the historic low of 0.75 per cent.

Mr Frydenberg tells Ross Greenwood Australia is not alone in failing to meet its inflation targets.

“We decided that at this time of global uncertainty we needed continuity and certainty in our monetary policy framework.”

Click PLAY below to hear the full interview

HSBC chief economist Paul Bloxham tells Ross, on average, the RBA has met the inflation target.

“It’s worked very well, I’d say it’s the key reason why Australia’s had 28 years of continuous GDP growth.

“We’ve got a challenge at the moment, that inflation is abit too low but that doesn’t mean that you should necessarily change the target.”

Click PLAY below to hear the full interview

Image: Getty/Bloomberg
Deborah Knight
Advertisement