Australia is almost ‘grinding to a halt’ with inflation 

Sky News Business Editor Ross Greenwood says Australia is almost “grinding to a halt” due to its inflation.
“Notwithstanding the fact that the economy is barely teetering above a recession right now with the last quarter just 0.1 of a per cent - in this quarter probably negative,” he told Sky News host Steve Price.
“The reality is that you’d expect under normal circumstances the Reserve Bank would come to the rescue, start to cut interest rates and get some economic growth going - well it can’t do that right now.”