Former RBA governor calls for inflation re-think

Bernie Fraser, a former governor of the Reserve Bank of Australia (RBA), says the central bank might have to re-think its use of interest rates to combat inflation if food and fuel prices continue to rise.

Fraser was governor of the RBA from 1989-96 and oversaw the introduction of the central bank's inflation target of 2-3%. In an interview with The Australian Financial Review, a daily newspaper, Fraser said the goal for monetary policy may need to be re-assessed.

He added that one option

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