Inflation ‘coming down dramatically’ due to Labor’s policies

KPMG Chief Economist Brendan Rynne says the Albanese government’s cost of living policies are why inflation is “coming down quite dramatically”. The ASX RBA target rate tracker is expecting a rate cut of 25 basis points in February. Three more cuts are then anticipated by August next year. “I think it’s a fair possibility,” Mr Rynne told Sky News Australia. “One of the things to recognise is that we’re starting to see inflation coming down quite dramatically, not only because of the cost of living policies that have been put in place by the government.”