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SBS On the Money: RBA losing patience with inflation + Aussie businesses turn to US

Author
SBS Audio
Published
Tue 17 Oct 2023
Episode Link
https://www.sbs.com.au/news/podcast-episode/sbs-on-the-money-rba-losing-patience-with-inflation-aussie-businesses-turn-to-us/dcv7fvsk1

The RBA says it has a low tolerance for a slower return of inflation to target than currently expected, implying next week's CPI data will be critical ahead of its Melbourne Cup Day meeting. SBS Finance Editor Ricardo Gonçalves takes a look at the board's October board meeting minutes with Martin Lakos from Macquarie Group. Plus, Andrew McKellar from Australian Chamber of Commerce & Industry (ACCI) explains why the US has overtaken China as the most common trading partner for Australian businesses.

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