RBA's Kent: Policy Somewhat Restrictive, Hard CPI-Unemployment Trade-Off
RBA official Kent said there is some confidence policy is somewhat restrictive, but the key question is whether it is restrictive enough as the central bank faces a hard trade-off between inflation and unemployment.
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The Reserve Bank of Australia has some confidence that its policy stance is somewhat restrictive, according to RBA official Kent. He said the main question is whether current settings are restrictive enough.
Kent added that the central bank faces a difficult trade-off between CPI and unemployment as it assesses the appropriate policy path.
Source: First Squawk