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Australia's central bank warns public confidence in inflation fight is slipping

The Reserve Bank of Australia has warned that public confidence in its ability to bring inflation back to target is weakening. The bank flagged the risk that if households and businesses stop believing inflation will return to low levels, expectations could become entrenched, making the task of returning price growth to target harder and potentially requiring tighter policy for longer.

Why now: Concerns about sticky inflation and central bank credibility are a major current economic debate

Reserve Bank of AustraliaAustralia

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Evidence

• Australia's central bank warns public confidence in inflation fight is slipping · San Luis Obispo Tribune
• Australia's central bank warns public confidence in inflation fight is slipping · TradingView
• Australia's central bank warns public confidence in inflation fight is slipping · Reuters

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