Warren Hogan’s recent dovish pivot on future Reserve Bank of Australia rate calls, while still surprisingly hawkish on inflation, is precisely the kind of obfuscated stance that risks driving economies into avoidable recessions when rates are kept too high for too long (“Falling risk of rate rise doesn’t put cuts on the agenda”, November 5).

It’s essential to focus not solely on inflation’s current figure but rather on its trajectory. Although not the preferred measure of inflation, headline inflation has dropped significantly from its pandemic peak of 7.8 per cent to 2.8 per cent.