HomeBusinessEx-RBA Research Head Warns of Inflation Risks

Ex-RBA Research Head Warns of Inflation Risks

Slow Rate Hikes Could Entrench Inflation

Dr. John Simon, former head of the Reserve Bank of Australia’s Economic Research, warns that the RBA’s slow pace in raising interest rates risks making high inflation permanent. 

He urges the RBA to act quickly, as the longer inflation stays above 3%, the harder it will be to control.

Source ABC

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