Institutional Economics

Institutional Economics

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Institutional Economics
Institutional Economics
Philip Lowe’s Ever Receding North Star

Philip Lowe’s Ever Receding North Star

RBA’s inflation forecasts show it is not doing enough

Stephen Kirchner
May 10, 2020
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Institutional Economics
Institutional Economics
Philip Lowe’s Ever Receding North Star
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Governor Phil Lowe says that the inflation target is the RBA’s North Star, but the latest Statement on Monetary Policy shows that it is ever receding into the distance.

The Statement included three sc…

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