ABC News – Top stories
·general
·4 hours ago
Stagflation is a 'central banker's nightmare', says RBA deputy governor
RBA deputy governor Andrew Hauser described stagflation as a 'central banker's nightmare' during a talk in New York. He warned of an impending 'big income shock' due to rising inflation and global energy issues impacting Australia's economy over the next two to three years. Hauser emphasized the difficulties for central banks managing inflation amid slowing growth.
Summary by Glance · ABC News – Top stories
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