Australia’s outgoing central bank Governor Philip Lowe said the days of consistently low and steady inflation may be in the past in a wide-ranging speech titled “Some Closing Remarks.” Supply disruptions, global warming, an aging population and the world’s transition to green energy suggest inflation is likely to be more volatile in years ahead, Lowe, who steps down Sept. 17, said in his final speech as Reserve Bank chief. “While this doesn’t mean that the inflation target can’t be achieved on average, it does mean that inflation is likely to be more variable,” he said. Australia’s underlying inflation averaged 2.7% ... (full story)