Australia is on the brink of ending interest rate hikes and an economic first – beating inflation without a recession
- Written by: Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
ShutterstockWhat if Reserve Bank Governor Philip Lowe and his successor Michele Bullock were able to achieve something truly remarkable – a steady decline in inflation without further interest rate increases, and without bringing on a recession.
It’s suddenly looking possible. Inflation is now coming down so quickly worldwide...