As Reserve Bank deputy governor Andrew Hauser said on Thursday, it’s a mistake to change policy on one piece of data. But it is an egregious folly to ignore serial indications of sticky inflation.

Read Stephen Miller’s Opinion in the AFR

Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.