Treasurer Josh Frydenberg has rejected calls from some economists for the Reserve Bank of Australia's inflation target to be lowered, saying that it was only a decade ago that inflation shot up to 5 per cent.
Mr Frydenberg said in an interview with The Australian Financial Review in his Canberra office that if the Coalition won the election, he would not direct the RBA to consider altering the current 2-3 per cent inflation band target.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Matthew Cranston was The Australian Financial Review’s United States correspondent.
