Business
Inflation disappointment sets scene for RBA QE – The Australian Financial Review
Another round of below-target inflation will cement economists’ expectations for the Reserve Bank’s potentially most significant leap into uncharted monetary policy…
The US Federal Reserve has already changed its thinking on inflation and monetary policy: the world’s most powerful central bank said it is willing to tolerate above-target inflation to meet an average 2 per cent level.
The Reserve Bank has also altered its inflation stance, with governor Philip Lowe revealing on October 15 that the central bank will put “greater weight on actual, not forecast, inflation”.
Ms Ong said that the Reserve Bank’s shifting inflation narrative in effect strengthens its…
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