“Australia Under Threat From US Economic Policy”
“Australia’s inflation target band is a touch higher and more flexible than those of most other advanced economy central banks, such as the Bank of England’s 2 per cent target. But this has still delivered relatively stable and low inflation in the face of wide swings in the Australian dollar. The Reserve Bank has not had to slam on the brakes to control inflation. ‘Inflation expectations are now well anchored and there is widespread acceptance of the benefits of low and stable inflation,’ the OECD concluded in its regulatory review of Australia.” Read more.
“Australia Under Threat From US Economic Policy”
Michael Stutchbury
The Australian, February 18, 2010.
