ANZ and Westpac CEOs urge cuts in spending to tackle 4.3% inflation
CEOs of ANZ and Westpac urged cuts in government spending to combat inflation during a parliamentary committee on Thursday. They warned that the AI building boom could further inflate housing costs and emphasized the importance of reducing demand to improve living standards. Inflation in Australia stands at 4.3 percent, with rising interest rates reflecting ongoing economic pressures.
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Published 12 Nov 2026, 05:27 UTC · Updated 12 Nov 2026, 05:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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