The post-pandemic price breakout presents a big challenge to keeping the faith in Australia’s three-decade-old monetary policy framework put in place by Costello.
The Reserve Bank’s deputy governor, Andrew Hauser, rightly points to public trust as the key to the central bank’s battle to tame Australia’s stubbornly above-target inflation.
But the engaging former Bank of England official can’t talk about whether the central bank’s political masters are fully committed to grinding inflation back down into the agreed 2-3 per cent target.
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AI could increase spending faster than Australia can produce goods and services, potentially making inflation worse, the Reserve Bank has warned.
Mortgage holders reeling from the blunt force of five interest rate hikes this year are questioning if there are other ways of controlling inflation. The answer is not simple.
US stocks are falling after a report showed inflation was worse across the country last month than economists expected.
Curbing data centre construction, raising the GST, making companies pay more are ideas being pitched at the government.
The PPI for October came in at 5.7%, compared to the 5.3% expected by economists polled by Reuters.
‘There’s always a plan’, the PM has said in the past, about 2027. There will have to be.
