AMP's Oliver Sees No Pressure on RBA to Hike Rates

The video discusses the discrepancy between expected and actual inflation rates in Australia, highlighting that seasonal factors and external events like Cyclone Debbie had less impact than anticipated. The Reserve Bank's perspective on maintaining low interest rates due to benign inflation is explored, along with global trends of low inflation and technological impacts on productivity. The discussion also touches on the potential effects of Amazon entering the Australian market and concludes with a future economic outlook, suggesting no immediate rate hikes by the Reserve Bank.

What is the implication of technological innovation on inflation according to the text?

What does the text suggest about the Reserve Bank's response to the current inflation rates?