Tag: usefulness
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Alan Kohler: It’s trying more and more like inflation targets could have outlived their usefulness
The inflation battle of 2022-23 has moved from crushing demand created by the extreme (with hindsight) pandemic response to suppressing wages. Central banks at the moment are elevating rates of interest to cease companies giving wage rises above inflation, and in the event that they do, to forestall them being handed on in costs. However…