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Topic: inflation
Reserve Bank of Australia governor Philip Lowe (Image: AAP/Joel Carrett)

Reserve Bank’s path to recovery lies through inflation via jobs

The RBA has ushered Australia into the era of quantitative easing by arguing that inflation must rise, and it can't rise until wages and jobs do.

(Image: AAP/Private Media)

The way out of this economic mess is not through interest rate cuts

We won't just achieve inflation by low interest rates — a whole new approach to monetary policy might be needed.

(Image: AAP/Dan Peled)

This is why the Reserve Bank will start a new era of monetary policy today

A weak global economy and soft demand and investment will drive the RBA to reveal a new world of monetary policy for Australia this afternoon.

Reserve Bank of Australia governor Philip Lowe (Image: AAP/Joel Carrett)

R.I.P. inflation. Now onto more important things, like jobs

With inflation out for the count, the RBA can fulfil its goal of focusing on full employment.

RBA governor Philip Lowe (Image: AAP/Joel Carrett)

Welcome to the new world order: another economic policy revolution unfolds

First it was fiscal policy. Now it's monetary policy. One by one the key tenets of neoliberalism are giving way in the face of global recession.

Reserve Bank governor Phillip Lowe (Image: AAP/Joel Carrett)

From potential to actual: Reserve Bank makes major change in interest rate setting

The Reserve Bank says it will no longer look to expectations of inflation to guide it on monetary policy. Rather, it will focus on the here and now.

Treasurer Josh Frydenberg (Image: AAP/Daniel Pockett) and John Maynard Keynes

We’re all Keynesians now. The question is, how much will it cost?

It seems we're all in agreement that government spending is needed to help prop up the economy during the pandemic. But how long will that attitude last?

The US Federal Reserve building in Washington DC (Image: Wikimedia/Jbarta)

US Federal Reserve rejects neoliberal obsession with inflation

In a bitter blow for neoliberals, the US Federal Reserve has embraced a policy that emphasises unemployment more, and inflation less.

(Image: AAP/James Gourley)

Feel that groceries are going up? You’re dead right — we are in for a shock

Grocery prices are on the rise for the first time in a long time. Combined with a rise in unemployment, and a decline in wages, Australians are about to get a nasty shock.

Reserve Bank of Australia governor Philip Lowe (Image: AAP/Joel Carrett)

Reserve Bank flags years of pain — and the problem is demand, not supply

Fiscal stimulus is needed now more than ever so Australians can be confident to go out and spend.

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