Inflation has barely been within the Governor Philip Lowe's target band his entire time in office. Zero inflation means he should cut now, before the election.
Hardly anyone believes that prices are really increasing by only 1.9% per year. The fault lies with us, and also the way the Bureau of Statistics adjusts prices for 'quality'.
Low inflation and painful wage growth mean the Reserve Bank has extended its freeze on interest rates for an almost unprecedented 18th straight meeting.
With 2018 likely to see US and Australian interest rates diverge, Australian investors are on the lookout for nascent signs of inflation, writes Richard Holden.
If it's so easy to fix a nation's economic ills by simply running the printing presses round the clock then why doesn't everyone do it, asks Richard Holden.
The key economic news this week focussed on what the United States Federal Reserve did with interest rates, and what the Reserve Bank of Australia is likely to do, writes Richard Holden.
