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High inflation failings across global banks

Writer's picture: Flow AustraliaFlow Australia

Robert Gottliebsen in the Weekend Australian called RBA policy disasters and rate hikes useless. Central Bankers in the US, Britian, Europe and Australia's Reserve Bank are discovering that high interest rates are not working in the way they had in the past bouts of inflation.


"The latest Labour statistics show that necessary unemployment that interest rates use to curb inflation is not happening in the US," Robert Gottliebsen said.


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