RBA offers excuses on inflation, still insisting it’s temporary
The Reserve Bank of Australia is sticking to its view that inflation will be temporary, despite its poor forecasting track record. Economists aren’t so sure.
Tag: monetary policy
Jekyll and Hyde, one and the same
Why have risk assets been so buoyant since April? No shortage of opinions, so which is right?
Does monetary policy work any more?
In its latest quarterly statement on monetary policy, the Reserve Bank of Australia declared its preparedness to “ease monetary policy further if needed”.
Markets may be expecting too much of central banks
The third quarter capped the best year-to-date return for the Bloomberg Barclays US Aggregate Bond Index since the first nine months of 2002. Although bond prices may continue to advance, we anticipate lower returns may accompany a rise in volatility in coming quarters.