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AAP
AAP
Politics
Jacob Shteyman

Officials bank on economic slump helping tame inflation

Reserve Bank Andrew Bragg EY Jim Chalmers Michele Bullock Mick Tsikas Economic Growth NAB RBA
Michele Bullock doesn't think Australia faces the double whammy of high inflation and poor growth. (Aap/AAP PHOTOS)

Australia's economy is going into a slowdown, which will eventually bring inflation under control.

That is the view of the Reserve Bank after officials appeared before a senate estimates hearing on Thursday, where they said a decline in momentum in economic growth was not a surprise.

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