Reserve Bank of Australia governor backs 2–3% target in final address
Moving the target could open the door to further changes down the line, warns Stevens
The governor of the Reserve Bank of Australia (RBA) has warned against lowering the inflation target in his final official public address before stepping down in September.
Speaking at the Anika Foundation, Glenn Stevens said he would "counsel caution" in "fiddling" with an inflation target. Australia's target, currently 2–3%, has "worked very well" in the past, he said.
"I think the inflation target we have operated has the requisite degree of flexibility," he said, explaining the bank was
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