Australian Leading Financial Expert Calls For Better Solutions to Inflation

Australian Leading Financial Expert Calls For Better Solutions to Inflation
Reserve Bank of Australia Governor Philip Lowe has announced the 12th interest rate hike in June 2023 over last 13 months. Peter Parks/Getty Images
Sophia Jiang
Updated:

One of Australia’s leading financial experts, Mark Bouris, has called for better solutions to tame high inflation, expressing deep concern following the RBA’s June interest rate hike.

In a piece published in news.com.au, the executive chairman of Yellow Brick Home Loans has asked for an explanation of the central bank’s latest decision to institute the 12th rate increase in the past 13 months, which has seen the official cash rate up by another 25 basis points to 4.1 percent.