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Will Future Made in Australia push the RBA off the narrow path?

If the budget does deliver policy changes that add to demand, inflation will probably keep falling slowly and stay too high for the central bank’s...

Paul Bloxham

Any indication about the direction of interest rates which might be perceived as a promise can limit the central bank’s ability to be nimble.

The central bank aspires to bring inflation down while maintaining close to full employment. But this is not how things have worked out in the past.