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Lowe: Inflation Targeting and Economic Welfare
It is a great pleasure to address the Anika Foundation lunch for the third time. I would like to start by winding the clock back, not by three years, but instead by 40 years. It was 40 years ago that I started studying economics in high school in Wagga Wagga. I sat the 3 unit economics exam for the Higher School Certificate (HSC) in 1979. At that time, the standard exam question was in two parts: why did Australia have both high inflation and high unemployment and what should policy do about it? I recall writing numerous essays on this troubling topic. I also recall learning about the Misery Index. For those of you ... (full story)
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#AUDUSD plunges after #RBA's Lowe says the central bank is prepared to ease #policy more if necessary and that it is reasonable to expect an "extended period" of low rates
— Dimitri Zabelin (@ZabelinDimitri) July 25, 2019
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#RBA Governor Philip Lowe: It is reasonable to expect an "extended period" of low rates, "strongly committed" to getting CPI to the target range #AUDUSD
— DailyFX Team Live (@DailyFXTeam) July 25, 2019