Australian Politics

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RBA policy is putting all our futures at risk (johnquiggin.com)

submitted 1 month ago by [email protected] to c/[email protected]

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The central concern expressed by the Reserve Bank in defending its high-interest rate policy is that expectations of higher inflation may become entrenched, requiring a further, more painful round of contractionary monetary policy in the future.

By contrast, the RBA expresses no concern that the reduction in economic growth induced by its policies will lead to a permanent reduction in living standards.

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