Business
RBA has many more bullets to fire – The Australian Financial Review
Investors are curious about what the Reserve Bank will do with the high Aussie dollar and Aussie bond yields that are well above global peers.
Weak wages growth is the key reason the RBA has failed to hit its mandated 2 per cent-to-3 per cent inflation target since 2015. During this time core inflation has averaged 1.6 per cent, which explains why Lowe has reprioritised the RBAs mission to focus on crushing the jobless rate back into that fully employed zone.
While recent employment numbers are encouraging, Debelles view that the recovery will be bumpy has been vindicated. Due to deep lockdowns around the world, double-dip recessions are…
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