The International Monetary Fund (IMF) came out this week and claimed that Australia (as well as a number of other Western countries including New Zealand, Canada & the UK) has been getting it wrong when it comes to our inflation targeting approach to monetary policy. In economies that use an inflation-targeting approach to monetary policy,…Posted on .
While the world recovers from the global recession, Australia is taking it pretty easy. Job losses were below anticipated figures, GDP growth rates exceeded expectations, and interest rates didn’t reach the “free money” levels of some other economies. As a result of this, and some economic resilience by China, the Australian dollar is holding at…Posted on .