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Saul Eslake on falling inflation and when interest rates might finally come down

Australian Politics

CHAPTER

Economic Fallout of COVID Policies

This chapter examines the economic consequences of government fiscal and monetary responses to the COVID pandemic, emphasizing their role in inflation. It discusses the implications of delayed interest rate increases by the Reserve Bank of Australia and how these choices impact different demographics. The analysis highlights the balance central banks must strike between controlling inflation and supporting employment, ultimately revealing the varied experiences of Australians facing changing economic pressures.

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