Inflation looms but is it permanent?

Fri, 21 May 2021

Is inflation coming? It sure looks like it. The question is, how long will it last? Higher inflation will lead to a higher cash rate and economists – many of whom were predicting rates would go into negative territory not that long ago – are now expecting rate hikes sooner rather than later. “The inflationary drumbeat is growing louder, both here and internationally,” says Westpac Bank acting chief economist Michael Gordon.He does not expect it to last though, linking it to rising materials costs, disruptions t...

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