Inflation pressure not a blip, warns ANZ boss - Sydney Morning Herald

“I think it’s clear that this is not just a temporary blip and we’re back to where it was,” ANZ chief executive Shayne Elliott said.

ANZ economists on Friday said weaker confidence as a result of inflation was one reason why they lowered their forecast for economic growth this year, albeit to a still strong 4.2 per cent. The econo… [+1858 chars]

full article...