The prices of new dwellings grew more slowly as demand eased and problems with the supply of materials improved

"Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable time-frame."

Growth in the Australian economy has slowed, with growth over the next couple of years expected to be below trend.

The bank’s primary tool – the interest rate – is particularly good at sending signals to the “demand” side of the economy, but climate risks are more likely to present supply-side inflationary shocks.

The Reserve bank of Australia (RBA) has put the unemployment rate forecast for the end of 2023 at 3.7 per cent.

The important question is: how can the Reserve Bank of Australia make a loss when it is printing money?