Morgan Stanley: Cooling Australian housing market may ease inflation concerns
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```htmlGolden Ten Data reported on May 28 that Morgan Stanley economist Chris Read stated that a broad slowdown in Australia's housing market may partly offset concerns about persistent inflationary pressures from building costs and rents. Read, who also serves as the investment bank’s equity strategist and economist for Australia, said housing inflation remains a key concern as the country's core inflation rate is still above the target set by the Reserve Bank of Australia. In a report, he wrote that the focus in the coming months will be on how rising energy costs may lead to broader inflationary pressures, as well as indications from demand metrics of the extent to which businesses can pass on their costs.```
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