the age: The Reserve Bank’s strategy of inflation targeting may lead to a “disaster”, a Nobel Prize-winning US economist has warned, adding it was “absurd” for the RBA to think it could dampen global food and energy prices.
the age: The Reserve Bank’s strategy of inflation targeting may lead to a “disaster”, a Nobel Prize-winning US economist has warned, adding it was “absurd” for the RBA to think it could dampen global food and energy prices. The RBA has raised interest rates twice this year to stem inflation. The benchmark overnight cash rate target is at a 12-year high of 7.25%.
Original post by chris
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