Stagflation is a 'central banker's nightmare', says RBA deputy governor
Andrew Hauser said the central bank is unsure rates are high enough as consumer sentiment fell 12.5% in April.
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7 Articles
RBA's stagflation nightmare: prices up, confidence down
Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears...
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser warned that the surge in oil prices triggered by the Middle East situation will bring a major real income shock to Australia, which is turning into a "nightmare" that is giving the RBA a headache.
RBA’s Hauser Warns of ‘Central Banker’s Nightmare’ as Oil Shock Lifts Inflation, Hits Growth - ActionForex
The RBA is facing a “central banker’s nightmare” as rising oil prices push inflation higher while threatening economic activity. Speaking in New York, Deputy Governor Andrew Hauser warned that the Middle East conflict is delivering a significant income shock to Australia, complicating the policy outlook at a time when inflation is already “too high.” Hauser […] The post RBA’s Hauser Warns of ‘Central Banker’s Nightmare’ as Oil Shock Lifts Inflat…
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