- Goods and labour market also more flexible, monetary policy on sounder footing
- Confident can do better on inflation this time, but not without challenges
- Mining boom underway, could last for extended period, beyond 2020
- Every past mining boom fuelled inflation, policy needs to be disciplined this time
- Current mining boom lifting investment, terms of trade more than in past
- Growth potential of China, India suggests demand boom to last longer than in past
Comments helping underpin aussie, AUD/USD up at .9040 at writing.
