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Economic conditions in post-pandemic Australia with a regional lens

· Michele Bullock, Governor of the Reserve Bank of Australia (Australia)

Summary written by Dark Majestic in its own words · topics: inflation and price stability

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· Michele Bullock Wiki · Reserve Bank of Australia WikiEconomic conditions in post-pandemic Australia with a regional lens

ContextAnnual lecture of the Rotary Club of Armidale in regional New South Wales; the Reserve Bank of Australia pursues low inflation and full employment and watches regional conditions.

Why it mattersThe RBA governor does not rule out further rate rises.

Problems raised
  1. Demand exceeds supply more than thought.
  2. Inflation persists.
  3. Regional economies differ.
Solutions proposed
  1. Consider further rate rises if needed.
  2. Stay vigilant on inflation.
  3. Watch regional conditions.
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