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Kent: Channels of Transmission
I want to thank Bloomberg for organising this event. It’s great to be back at this venue. Since May 2022, the Reserve Bank has raised the cash rate target by 400 basis points with the goal of bringing inflation back into its target range of 2–3 per cent. Tighter monetary policy is working to slow the growth of demand and bring it into better balance with supply. This is contributing to the decline in inflation. Today I want to show how increases in the Bank’s cash rate target are transmitting through to demand and inflation. The most well-known element is the cash-flow channel, whereby a rise in the cash rate ... (full story)
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RBA's Kent Repeats Some Further Tightening Of Policy May Be Required
— LiveSquawk (@LiveSquawk) October 11, 2023
- Policy Lags Mean Some Further Effects Of Past Hikes Still To Be Felt
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RBA'S KENT: EFFECT OF SLOWER DEMAND GROWTH ON INFLATION IS NOW BUILDING
— First Squawk (@FirstSquawk) October 11, 2023
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RBA'S KENT: HEARING IN LIAISON THAT A RANGE OF RETAILERS DISCOUNTING IN THE FACE OF WEAK CONSUMER SPENDING
— First Squawk (@FirstSquawk) October 11, 2023
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RBA'S KENT: MORTGAGE PAYMENTS ARE AT RECORD SHARE OF HOUSEHOLD DISPOSABLE INCOME, WILL RISE FURTHER
— First Squawk (@FirstSquawk) October 11, 2023