Opinion
Why the monetary policy statement won't change
A flexible medium term inflation target will continue to underpin Australia's prosperity.
Josh FrydenbergFormer TreasurerCampaigning for the US presidency, Ronald Reagan said nearly 40 years ago that inflation was “as violent as a mugger, as frightening as an armed robber and as deadly as a hitman”.
Wind the clock forward to today and the chairman of the US Federal Reserve, Jerome Powell, says low inflation, not high, is “one of the major challenges of our time”.
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Josh Frydenberg is a former federal Treasurer. Connect with Josh on Facebook and Twitter.
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