RBA review has ‘opened the door’ to moving away from inflation focus, panellist says
by Peter Hannam Economics correspondent from World news | The Guardian on (#6B36W)
Renee Fry-McKibbin says panel considered a lot of alternative frameworks' but decision on shift would fall to future reviews
The review of the Reserve Bank of Australia has opened the door" for a potential shift away from targeting inflation using interest rates, one of the review panellists says.
Renee Fry-McKibbin told an event on Monday that the panellists had examined a lot of alternative frameworks" but it would fall to future reviews to discuss ditching the bank's current goal of aiming to keep inflation between 2% and 3%.
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