‘Hard to do better’ than flexible inflation targeting policy: RBA Governor

The Reserve Bank of Australia Governor Philip Lowe says a flexible inflation targeting “isn't a perfect monetary policy regime”. “It's hard to do better than it. Any monetary policy regime is likely to face challenges in the world that we live in,” he said during a speech to the Anika Foundation on Thursday. “But as our country and our economy continue to adapt, the strong nominal anchor and the flexibility provided by a flexible inflation targeting will be very helpful.”