Outside of a wages surprise, Kearns says the cash rate has now peaked but he wasn’t always so dovish. He initially thought the RBA, where he worked for 25 years in domestic markets, financial stability, and economic research, would need to lift the cash rate to about 4.5 per cent, from 4.1 per cent where it has stayed since June.

The RBA is ‘flying blind’ on inflation, says former staffer comes via ChinaTechNews.com.