Tough policy choices ahead for Australia: RBA’s Battellino
Ric Battellino, the deputy governor of the Reserve Bank of Australia, on Tuesday said policymakers would continue to face difficult choices in setting monetary policy in an environment of low global demand and rising inflation.
At the Economist's Bellwether Series in Sydney, Australia, Battellino said despite the recent strength in the mining sector, overall economic growth in Australia was turning out to be weaker than expected. Inflation for 2011 is, meanwhile, forecast to be higher than
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