Stirring the hornet’s nest

Stirring the hornet’s nest

Last week we wrote about the shift in monetary policy over recent years from preemptively attacking the first signs of inflation to reacting to inflation once it is established in the data. The shift in policy thinking by central banks came in the latter years of the...
Preemptive to reactive

Preemptive to reactive

The latest set of economic forecasts released by the RBA in the November Monetary Policy Statement again show upward revisions to annual change in wages and inflation expected in 2022 and 2023. Indeed, the revisions are the biggest so far in a series of upward...