We must win public's trust: RBA's Stevens

Glenn Stevens, the governor of the Reserve Bank of Australia, has said that central bankers must contain inflation expectations regardless of whether recent rises in inflation are exogenous or endogenous.

"In the final analysis, the important question is not what 'special factors' might have pushed up particular CPI elements in this country or that, but whether the populations of our various countries have confidence in inflation declining again once the shocks have passed," Stevens said.

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