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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by Renju Jaya
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