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With the war in the Middle East still unresolved and growing domestic inflationary pressures, concerns continue to mount about the future of the Australian economy.
Back in May, RBA Assistant Governor Sarah Hunter delivered a speech, during which she put forward the RBA’s perspective that a significantly more serious downturn within the economy and labour market deterioration could be necessary to combat inflationary pressures.
“Moreover, if (inflation) expectations rise persistently, it becomes harder for the central bank to bring inflation back to target, as it must both bring expectations back down and restore the balance between supply and demand”.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
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