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The New Daily
The New Daily
Business
Euan Black

High inflation to persist for ‘some years’, warns Reserve Bank boss

The Reserve Bank expects annual inflation to peak at 7 per cent in the December quarter. Photo: AAP

The governor of the Reserve Bank has warned high inflation is likely to persist for years as the global economy works through major supply chain disruptions.

But he said fears the bank will trigger a recession by raising interest rates too quickly are overblown.

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