Debelle rebuts the inflationistas
- If you're anxious that massive amounts of money-printing by the world's central banks will inevitably trigger an outbreak of global inflation or a collapse in the currency then you'd be well advised to take heed of the latest comments from the Reserve Bank's deputy governor, Guy Debelle.
- In a speech to the Economic Society of Australia on Tuesday, Dr Debelle coolly rebutted the argument of any number of monetarists and hedge fund titans who have warned that moves by the world's central banks to crank up the money printing presses, in response to the coronavirus pandemic, will inevitably result in a surge in inflation.
- The RBA deputy governor coolly dismissed warnings that money printing to fund pandemic recovery efforts will lead to a surge in inflation.
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