The Rise And Fall Of Monetary Policy - Ian Macfarlane
The Joe Walker Podcast
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The Importance of Easy Monetary Policy
For the last six years, inflation has been under 2%. When the central bank's target is for inflation to be 2.7%. Yet that's despite extremely easy monetary policy. So in Australia, we've got, you know, the cash rate's negligible. It's 0.25% lowest it's ever been. The Reserve Bank is now buying bonds, buying three-year bonds. And yet inflation resolutely refuses to go up.
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