target - Economics Students Society of Australia

target

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Low and steady wins the race

Low and steady wins the race

Following the 1979 OPEC crisis, governments from developed countries across the globe recognised the need to bring inflation – the rate of increase in prices over time – under control. Sparked by a decrease in oil output due to the Iranian revolution, oil prices rose from USD$15.85 to USD$39.

Has inflation targeting become a sporting event?

Has inflation targeting become a sporting event?

At the time of writing, available odds for this Tuesday’s RBA meeting are $1.40 for rates to remain unchanged, $2.20 for a decrease of up to 25 basis points and then a respectable $19 for a cut between 25 and 50 basis points. Any increase in the