Inflation has barely been within the Governor Philip Lowe’s target band his entire time in office. Zero inflation means he should cut now, before the election.
Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation has assembled a forecasting team of 19 academic economists from 12 universities across six states. Together, they assign a 25% probability to a recession within two years.
It is thought that it doesn’t help much to cut official interest rates toward or beyond zero, and maybe it doesn’t, but new research suggests the answer has a lot to do with the housing market.
Environmental and health groups have called for the creation of a non-political federal agency with the power to rule on pollution levels - much like the Reserve Bank does for interest rates.
This week’s strong growth in full-time employment shows a robust labour market. This only deepens the puzzle of why inflation is so low at the same time.
Attacks on the South African Reserve Bank and events in India that led to the exit of the governor of the country’s central bank are a warning that banks aren’t immune from political meddling.
Distinguished Professor of Economics and Public Policy, ANU Centre for Applied Macroeconomic Analysis (CAMA), Crawford School of Public Policy, Australian National University