RBA Should Abandon New 2.5% Inflation Goal, TCorp’s Redican Says

RBA Should Abandon New 2.5% Inflation Goal, TCorp’s Redican Says

Australia’s central bank should ditch a new goal of hitting the midpoint of its 2-3% inflation band as the benchmark imposes unrealistic expectations on policymakers, according to Brian Redican, chief economist at sovereign investment manager TCorp.

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