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Top economists see no prolonged high inflation, no rate hike next year

Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Wes Mountain/The Conversation, CC BY-ND

Despite appearances – especially in the United States – the era of high inflation isn’t set for a comeback in the view of Australia’s leading economists, and most see no need for the Reserve Bank to lift interest rates next year.

In the US, figures released last week showed the consumer...

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