{"id":197390,"date":"2023-11-21T06:00:08","date_gmt":"2023-11-21T00:30:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=197390"},"modified":"2023-11-21T06:00:08","modified_gmt":"2023-11-21T00:30:08","slug":"inflation-to-be-major-challenge-to-australian-economy-for-up-to-two-years-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/inflation-to-be-major-challenge-to-australian-economy-for-up-to-two-years-crypto-news\/","title":{"rendered":"Inflation to be major challenge to Australian economy for up to two years &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Reserve Bank of Australia (RBA) Governor Michele Bullock said on Tuesday that inflation will be the major challenge for the economy over the next two years.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Key quotes<\/strong><\/h2>\n<blockquote>\n<p>\u201cUnderlying demand was fueling part of the inflation challenge, and it was not entirely a supply-driven issue.\u201d<\/p>\n<p>\u201cSays inflation is a crucial challenge in the next one or two years.\u201d<\/p>\n<p>\u201cSays inflation is not only about supply issues, gasoline and rent, that there is still ongoing &amp; underlying demand.\u201d<\/p>\n<p>\u201cIf inflation expectations adjust higher in response that&#8217;s a problem.\u201d<\/p>\n<p>\u201cWe haven&#8217;t had any productivity growth in Australia for a number of years.\u201d<\/p>\n<\/blockquote>\n<h2 class=\"fxs_headline_medium\"><strong>Market reaction<\/strong><\/h2>\n<p>At the press time, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/audusd\">AUD\/USD<\/a> pair is losing 0.04% on the day to trade at 0.6558.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Reserve Bank of Australia (RBA) Governor Michele Bullock said on Tuesday that inflation will be the major challenge for the economy over the next two years. Key quotes \u201cUnderlying demand was fueling part of the inflation challenge, and it was not entirely a supply-driven issue.\u201d \u201cSays inflation is a crucial challenge in the next [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[691,201,248,251,246,257,255,250,333,252,247,253,378,249,256,254],"class_list":["post-197390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-australia","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-rba","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=197390"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197390\/revisions"}],"predecessor-version":[{"id":197392,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197390\/revisions\/197392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/13147"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=197390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=197390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=197390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}