Our strategy also gives us the leeway not to respond to every slight revision in the inflation outlook mechanistically or even with full force, as long as the overall trajectory is still intact and the relevant inflation expectations remain anchored.
And as merchants typically bear the cost of online fraud, it increases their costs of doing business and ultimately prices to consumers. It is bad for society as a whole. https://www.rba.gov.au/speeches/2019/sp-ag-2019-05-16.html  6/8  5/16/2019  Leaning In: Towards Better Payment and Clearing Systems | Speeches | RBA  There are ways of authenticating consumers online.