AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Will we see a rate cut from the Reserve Bank this year?
When the Facts Change
Demand Shift and Services Inflation
The prolonged economic stagnation led to a unique scenario where traditional interest rate cuts by the central bank did not occur due to persistent inflation, particularly in services. This anomaly can be traced back to the lockdown phase where demand shifted from services to goods. As lockdown restrictions eased, and demand for services surged due to pent-up demand, coupled with supply shortages and closed borders, services' inflation soared, peaking later and remaining high as the economy adjusted.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode