Jim Chalmers is set to put his economic credibility on the line predicting inflation will meet the target band by December. The Treasurer will release his third budget tomorrow which will include the forecast of a rapid decline in inflation hitting the 2 to 3 per cent target by the end of the year. This is in contrast to the RBA's projection that inflation will remain high until the end of 2025.

For more, Dr Christian Baylis from Fortlake Asset Management joins.