NewsBite

Watch out for turbulence, warns Glenn Stevens

John Kehoe
John KehoeEconomics editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Former Reserve Bank of Australia governor Glenn Stevens says central banks will find it difficult to achieve a soft economic landing and reduce “way too high” inflation, while warning “turbulence” in financial markets could reignite.

In a rare public speech since leaving the RBA in 2016, Mr Stevens said interest rates could remain elevated – and central banks were willing to go higher – for some time.

Loading...
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

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/economy/watch-out-for-turbulence-warns-glenn-stevens-20230516-p5d8ri