Reserve Bank of Australia policymaker Marion Kohler cautioned that returning inflation back to the target would be difficult and the road ahead could be bumpy.
"The next stage in bringing inflation back to target is likely to be more drawn out than the first," Kohler, acting assistant governor of RBA, said at the UBS Australasia Conference in Sydney on Monday. "This has been the experience of some other advanced economies that have been a little ahead of Australia in this inflation cycle," the policymaker said.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.