Have Central Banks Done Enough To Grip Inflation?

The Centrals Bankers’ love in in Hong Kong this week was full of contradictions. Indeed, yesterday I featured the RBA’s new Governors comments, centered around her view households were largely coping ok with the 4.25% hike in rates. My reaction was how out of touch with real households she sounded. The International Monetary Fund this month said the Australian economy was running above capacity, with low unemployment, “sticky” inflation and rising house prices and so forecast a delay in local inflation returning to the 2 per cent to 3 per cent target range until early 2026, slower than most other […]