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RBA set for ‘lively’ rates debate as economy breaks the speed limit
Australia’s economy grew 0.8 per cent in the December quarter according to the Australian Bureau of Statistics latest report, with annual growth accelerating to 2.6 per cent. Commonwealth Bank economists say this pace means the economy is running “above its speed limit”, which, in simple terms, means it’s growing faster than it comfortably can without pushing prices higher. "This result shows the Australian economy is still running hot, even as households face tighter conditions,” Commonwealth Bank Head of Australian Economics Belinda Allen said. “Inflation is still too high, and the strength in ... (full story)