- Australia’s better-than-expected economic performance since the pandemic began has been grist to the mill for those who think tighter policy could be on the cards.
- Higher year-on-year inflation readings had been expected in 2021 because of the base effects created during 2020 when lockdowns caused economic activity (and inflation) to fall.
- Central banks have read from the same songbook for the past couple of decades, but we’re starting to see a much greater divergence of approach toward monetary policy at a global level.
For further details see:
Brace (But Not Too Much) For The CPI Roller-Coaster