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The Reserve Bank of Australia is really struggling with its inflation problem
From notayesmanseconomics.wordpress.com
I would imagine that the Reserve Bank of Australia was rather ruing the timing of their latest policy meeting. They would have been discussing matters just in time for the Japanese stock market to dash into a bear market. That is all rather awkward when we are looking at a situation that I described like this on the 26th of June. The money supply is not showing that things are restrictive and seemed to be suggesting another push. I can update that now with the April figures which were 0.4% on the month raising the annual rate to 5.1%. So if we look ahead 18/24 months for inflation to be running at 2% we would need ... (full story)
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- Posted: Aug 6, 2024 12:16pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,878
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