I would like to thank the Australian Industry Group for the invitation to speak at this lunch today. It is great to be in Newcastle. In recent times, my colleagues and I have spent a lot of time talking about the current bout of inflation in Australia and globally. The reason for this focus is clear: inflation is too high, and the longer this persists, the more damaging it becomes. It is in all our interests to bring inflation down and the Reserve Bank Board has been increasing the cash rate to achieve this. But just because our inflation objective has been in focus recently, it does not mean that the other part of ... (full story)