RBA’s Lowe latest to dismiss inflation target hikes
Philip Lowe, an assistant governor of the Reserve Bank of Australia (RBA), on Wednesday became the fourth in a series of high-profile figures to criticise a suggestion from Olivier Blanchard, chief economist at the IMF, that inflation targets should be raised.
Lowe told an audience in Sydney that the notion of raising inflation targets from their current levels of about 2% "does not seem particularly sensible." He stressed the dangers of high inflation, noting that "a global shift to allow
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