The Reserve Bank made clear this morning that for the next two years at least, we can expect little change in inflation around its present high level of 3% and therefore little change in the current level of interest rates of 6.7% for the bank’s cash rate, or higher, if need be. Glenn Dyer reports.
Inflation in china
The Economy: Boomtime continues… for now
So called “Underlying inflation” in the last two quarters has been 0.5 per cent, a downside surprise. What sort of underlying inflation number for June could get our central bankers off their bums in August?
