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Australia politics - Senator wants to upend RBA inflation target

Discussion in 'Fundamental Analysis' started by ForexLive, Aug 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The election in Australia has left the upper house with a few 'independent' senators in positions as 'power brokers'. Senator Xenophon is asking the Reserve Bank of Australia to replace the inflation target with one for nominal growth (most likely mid point being 5.5%).

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