The Conversation

Price-level targeting: how inflation-focused central banks can squeeze more from interest rates

20-03-2020 Author: Mariano Kulish, Professor of Macroeconomics, University of Sydney

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The Reserve Bank of Australia has cut its official interest rate to 0.25%. The bank’s governor, Philip Lowe, reckons this is as low as the bank can go.

The cut – the first this century to have been decided outside the normal monthly meeting of the bank’s board – underlines the economic threat posed by the...

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