Head of Australia's sovereign wealth fund says still a way to go to get inflation down

<p>Comments from Chair of Australia's sovereign wealth fund, Peter Costello, ahead of the Reserve Bank of Australia meeting in a couple of weeks (February 5 and 6):</p><ul><li>are signs that inflation in Australia is beginning to
moderate</li><li>remains a long way to go to get prices back
into the central bank's target band</li><li> "Although inflation has fallen from its peak, it is still
well outside the target range of 2% to 3%," </li><li> "Whilst markets rebounded on an expectation that rates could
be lower this year, there is still a way to go." </li></ul><p>Costello was Australia's Treasurer from 1996 to 2007.</p><p>—</p><p>While you're here, a reminder of significant changes to the Reserve Bank of Australia meeting schedule this year. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.

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