Original article by Vesna Poljak
The Australian Financial Review – Page: 31 : 17-Aug-18
Several leading economists have urged the Reserve Bank of Australia to scale back its inflation target. Andrew Ticehurst of Nomura Australia argues that the RBA’s midpoint of the 2-3 per cent target range is higher than that of its counterparts in the US, New Zealand and the UK, while he notes that some Asian central banks have reduced their inflation target without any adverse impact. Ticehurst says the RBA should "fine-tune" the inflation target by reducing it to around two per cent.
RESERVE BANK OF AUSTRALIA, NOMURA AUSTRALIA LIMITED, BETASHARES CAPITAL LIMITED, UNIVERSITY OF TECHNOLOGY, SYDNEY, BANK OF KOREA, BANK INDONESIA