Please click the link below to view our Shane Oliver's thoughts on lessons to be learnt from the 1970s, 1980s and 1990s.

Key points raised are:

• The experience of the high inflation 1970s and its aftermath hold key lessons for today. In particular that once high inflation becomes entrenched in expectations that it will stay high, inflation is very hard to get back down but also that there are lags in the way monetary policy impacts
• Whether the RBA and other central banks have done enough is a judgement call. The RBA is signalling that it has not yet done enough so more rate hikes are on the way
• Our view is that the RBA has likely already done enough. 
• Upcoming retail sales and jobs data are critical in this.