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Politicians are compromising central banks’ commitments to price stability targets, and the ensuing sticky inflation will require a much tougher cost of capital to extinguish.
The Reserve Bank should not be firing up its interest rate models on the strength of inflation that is now steadily dropping into target range.
The latest Investing news, events, analysis and opinion from The Australian Financial Review
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A fixed income investment firm that trades up to A$400 million ($433m) in bonds every day will soon be seen on the red rugby uniform. Coolabah Capital...