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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

Inflation may now have peaked. The RBA must tread carefully

Governor of the Reserve Bank of Australia (RBA) Philip Lowe.
Governor of the Reserve Bank of Australia (RBA) Philip Lowe. Photograph: Lukas Coch/AAP

This week the governor of the Reserve Bank, Philip Lowe, apologised to people who listened to the RBA’s statements on future rate rises. The worry now is that he will have to come back next year and apologise for raising rates longer than he should have.

You know the feeling – you’ve had a wonderful meal, you feel good and then you think, “Oh just one more piece”. You quickly realise that was a bad choice. Just one extra bite took you from replete to sickly-stuffed.

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