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Will Australian Inflation Change the RBA’s Outlook?
Australia had something of a positive start to the week. Specifically, headlines have been speculating that the country has surpassed the peak of covid infections from the current omicron wave. The highest number of daily cases so far was on January 13th. Since then, hospitalizations have also started to diminish starting on January 21st. That said, it’s clear that omicron has a shorter incubation and resolution time than prior strains. While the health minister suggested that the government could seek help from private health providers, two Australian states had a policy of hospitalizing all active covid cases. ... (full story)