David Taylor
speaker
997 appearances
8 recordings
2 series
first heard Apr 2026
last heard 15 Sep
David Taylor’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Sep 2026 with 3.
Appearances
And the reason why I say that is because the Reserve Bank has had a terrible time over the past two years trying to get inflation between two and three percent and specifically bang on the target of two and a half percent underlying inflation.
Yeah.
The Reserve Bank keeps saying, and I'm gonna I'm gonna give you the jargon first and then I'll explain it later later, but aggregate demand is too great for aggregate supply.
And what that means is
You know, many Australians have jobs.
The unemployment rate is is, you know, relatively low historically speaking.
People have jobs they're spending in the economy.
We're not outputting enough.
We're not building enough.
We're not creating enough in order to meet that demand.
So prices naturally go up.
So there's more money chasing not enough goods.
And by rate the Reserve Bank raised uh the cash rate uh target three times consecutively earlier this year, and that has lifted the cash rate and that has flowed through to mortgage products and basically crimped demand, especially for mortgage boroughs.
of excess demand isn't resolved.
So the the the the the reserve bank has to think.
Where is demand and supply?
Is demand too great for supply?
In which case we are going to have to potentially keep raising interest rates.
Now, if you don't do anything to supply, if productivity doesn't improve and you don't do anything at all to supply, but you do add to demand, well logically, all that does is create further inflation.
You've also got the Iran war threatening to further increase the prices of fuel and uh cost that cost increase
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