Can the RBA kill inflation without killing the economy?
Central bankers everywhere are playing catch-up to tighten ultra-loose pandemic monetary policy after being caught off guard by a stimulus-fuelled inflationary pulse.
Like passengers aboard a long-haul flight skirting a hurricane, everyone strapped into the Australian economy is feeling tense and hoping for a soft landing amid a global inflationary storm.
Whether that’s likely depends on which direction you look. Key Australian economic releases this week signal two very different outlooks depending on who you ask and how they choose to interpret the data.
Ronald MizenPolitical correspondentRonald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
