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Chanticleer

Central banks trapped in their own Ponzi scheme

Macquarie’s Viktor Shvets says global markets are addicted to low rates and high liquidity, giving governors no choice but to pivot despite high inflation.

For the first time in a long time, could Reserve Bank governor Philip Lowe be ahead of the curve?

In his most recent public appearances, Lowe has stressed that “at some point, it will be appropriate to slow the rate of increase in interest rates”.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5bmub