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The Times

inflation may already be retreating and going too hard risks a recession

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
inflation may already be retreating and going too hard risks a recessionReserve Bank Governor Philip LoweLukas Coch/AAP

One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself.

“A further rise in inflation is expected in the near term,” the RBA says, “but as...

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