The Ukraine war and continued COVID-19 supply shortages are causing Reserve Bank governor Philip Lowe to reassess domestic settings.
The central bank is desperately seeking to thread the economic needle to achieve a 50-year low unemployment rate below 3 per cent in a world where US and Europe headline inflation spikes are the highest in decades.
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Tom Burton has held senior editorial and publishing roles with The Mandarin, The Sydney Morning Herald and as Canberra bureau chief for The Australian Financial Review. He has won three Walkley awards. Connect with Tom on Twitter. Email Tom at tom.burton@afr.com
