9News ·general ·2 days ago

The RBA's deputy governor is warning of 'stagflation'. Here's what it means.

The Reserve Bank of Australia's deputy governor warned on Wednesday of potential stagflation risks. Stagflation, characterized by stagnation and inflation, can lead to economic hardship for consumers. The RBA aims to mitigate these effects through monetary policy adjustments.

Summary by Glance · 9News

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