# RBA: Australia Inflation Unlikely  Until 2024

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Last modified: 2021-06-08

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By Paul Ebeling · 2021-06-08
Tags: Australia, inflation, Asia, Paul Ebeling, Australia, RBA
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#Australia #inflation #RBA

Australia’s central bank (RBA) sees good prospects for growth and an eventual increase in wages and prices, though inflation is unlikely to be sustainably within its target range until Y 2024 at the earliest, a senior official said Wednesday.

Australia’s economy has witnessed a sharp rebound after last yr sliding into its 1st recession in nearly 30 yrs, though price pressures remain subdued, a Key reason why policy will remain stimulatory for a long time to come.

The Reserve Bank of Australia’s forecasts show inflation below the mid-point of its 2-3% target through mid-2023, despite interest rates at a record low 0.1%, a massive government bond buying program and solid fiscal stimulus.

In a speech in Sydney, Assistant RBA Governor Chris Kent said the central bank’s policy measures will continue to deliver *“very stimulatory monetary conditions”* until the economy returns to full employment and inflation is consistent with the target.

Have a healthy day, Keep the Faith!

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