Comments from Chair of Australia's sovereign wealth fund, Peter Costello, ahead of the Reserve Bank of Australia meeting in a couple of weeks (February 5 and 6):
- are signs that inflation in Australia is beginning to moderate
- remains a long way to go to get prices back into the central bank's target band
- "Although inflation has fallen from its peak, it is still well outside the target range of 2% to 3%,"
- "Whilst markets rebounded on an expectation that rates could be lower this year, there is still a way to go."
Costello was Australia's Treasurer from 1996 to 2007.
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While you're here, a reminder of significant changes to the Reserve Bank of Australia meeting schedule this year.
