Central banks are just as uncertain about inflation as everyone else
Monetary authorities across the world are admitting they are in unfamiliar territory in the inflation fight.
There are no shortage of opinions among global economists and rate watchers about what should happen in this final stretch of the inflation fight.
But central bankers in charge of setting interest rates across the world are increasingly candid about how uncertain and unpredictable the path ahead is likely to be.
Conflicting opinions about what should happen with rates in Australia have surged following a higher-than-expected monthly inflation result and retail turnover data released on Wednesday morning, which confirmed consumers are increasingly price-sensitive.
While independent economist Stephen Koukoulas sees no case for a rate rise in a “weak as water” economy, George Washington University professor Steven Hamilton thinks the RBA may need to hike more than once.
