Head of Australia's Treasury Stephen Kennedy is speaking in front of a parliamentary committee.
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- Says services inflation is lagging goods inflation
- services inflation has peaked and is likely to fall away in the next 2 years
- no evidence of a wage-price spiral
![Australian treasury kennedy 14 February 2024 2](https://images.forexlive.com/images/Australian%20treasury%20kennedy%2014%20February%202024_id_ff91e07e-009f-4eab-97d1-10e715fb3c25_original.jpg)
Australia's Treasury chief Stephen Kennedy sits on the policy board at the Reserve Bank of Australia.