Vital Signs. Yet another year of steady rates. What's the point of the RBA inflation target?
- Written by Richard Holden, Professor of Economics, UNSW
Economists expect the cash rate to remain steady for yet another year even though inflation is on the floor. ShutterstockThe Reserve Bank kicks off its first meeting for the year next Tuesday facing the same dilemma it did throughout last year.
It hasn’t got easier.
The bank has a very public, fairly clear objective: to keep inflation between...
