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Memo RBA: we ought to live with inflation, more of it

  • Written by John Quiggin, Professor, School of Economics, The University of Queensland
Memo RBA: we ought to live with inflation, more of itShutterstock

Later today, everyone expects the Reserve Bank board will push up its cash interest rate for the second consecutive month.

Why? According to the board’s official minutes, it’s:

to ensure that inflation in Australia returns to the target over time

Some increase in interest rates is justified simply because with higher...

Read more: Memo RBA: we ought to live with inflation, more of it

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