Michael Pascoe: RBA gently points out we don’t have an AUKUS economy

If China, our dominant economy, dodges most of the inflationary bullet, it will lessen the inflationary pressure on our region, writes Michael Pascoe.

It’s not just for Scott Morrison’s khaki election that Australia has an AUKUS focus – our common- or garden-variety of economic commentary remains Anglophone centric, missing the bigger picture.

Reserve Bank Governor Philip Lowe gently made that point in his Recent Economic Developments speech on Wednesday, so gently that it was generally missed.