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AAP
AAP
Business
Poppy Johnston

RBA stares down 'increasingly homegrown' inflation

David Rumbens Fiona MacDonald Economy
RBA head Michele Bullock says the bank is trying to slow demand by enough to bring down inflation. (Lukas Coch/AAP PHOTOS)

The final stretch to bring inflation down will take time now that it has morphed into something more homegrown and demand-driven, the central bank governor has warned.

Michele Bullock says there are a few reasons to believe there's a "sizeable demand-driven element" to price pressures, given it's broad-based and concentrated in services.

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