Australian PM floats further 'cost of living' relief proposals – wary of stoking inflation

<p>Australian Prime Minister
Anthony Albanese spoke at a press conference, saying he has instructed "Treasury and Finance … to give consideration to what
are the measures that can take pressure off families on
cost-of-living without putting pressure on inflation".</p><ul><li>"That's the key issue here. If you were just to distribute
additional cash to people, you potentially make inflation worse,
and therefore don't help to solve the problem."</li></ul><p>Yes, that's the thing isn't it? On one hand you've got the Reserve Bank of Australia holding interest rates at their highest in more than a decade in order to combat rising prices, and on the other hand you've got the government trying to ease that pressure. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.