SPEECH - In the speech 'Inflation, Deflation and All That' Glenn Stevens of the Reserve Bank of Australia said the word 'deflation' carries too much emotive baggage and a 'deflation trap' would pose a bigger concern. Australia would be one of the last economies in the world where deflation would be expected, he said, but in the remote possibility that it did occur, "we could expect that there would still be plenty of investment possibilities".

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