Interest Rates, Money Supply and Inflation August 2022

10 August 2022

 

By guest contributor Ken Atchison, Director, Atchison Consultants “Inflation is always and everywhere a monetary problem.” So stated economist Milton Friedman. It is a sober lesson being learnt again in Australia. How high will interest rates rise as the Reserve Bank of Australia (RBA) corrects for the excessive stimulus that was launched in the response to the pandemic? Certainly, higher than the latest official rate of 1.85%. Potentially, the peak...

read full story