It’s rare for inflation to be tamed without a recession, so we will wait and see. Setting the goal at 2 - 3% by 2025 hurts everyone as inflation stays above the range longer.
Moving hard to bring it down sooner hurts a few who borrowed too much for a place they can’t afford, yet helps everyone else as lower inflation benefits all of us. The RBA is playing it too safe imo and hoping for this narrow path which seems unlikely.
It’s rare for inflation to be tamed without a recession, so we will wait and see. Setting the goal at 2 - 3% by 2025 hurts everyone as inflation stays above the range longer.
Moving hard to bring it down sooner hurts a few who borrowed too much for a place they can’t afford, yet helps everyone else as lower inflation benefits all of us. The RBA is playing it too safe imo and hoping for this narrow path which seems unlikely.