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Warren Hogan

Risk of a rate rise is passing, but cuts are not on the agenda

The RBA has an important job this week in communicating how inflation is behaving behind the distortions caused by government subsidies.

Warren HoganEconomist
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Inflation is back in the band! Oh, how we wish it were so.

Yes, the annual growth rate of the Consumer Price Index is back within the RBA’s 2 per cent to 3 per cent target band, but this is not inflation. And it is temporary.

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Warren Hogan is managing director of  EQ Economics and economic adviser to Judo Bank.
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    Original URL: https://www.afr.com/policy/economy/risk-of-a-rate-rise-is-passing-but-cuts-are-not-on-the-agenda-20241103-p5knir