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RBA underestimating risk of recession
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Given the latest inflation figures, which confirm that inflation is now trading within the Reserve Bank of Australia’s comfortable annual target band of 2 per cent to 3 per cent, it makes little sense for the central bank to forecast holding interest rates “higher for longer” well into next year (“Underlying inflation keeps pressure on rates”).
RBA governor Michele Bullock won’t be rushed on interest rate cuts. David Rowe
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