The Reserve Bank’s monetary policy board members would not want to gamble on the future of the economy.

But, being red-blooded Australians, they would probably find time in their deliberations over interest rates on Tuesday to join the rest of the country having a little flutter on the Melbourne Cup.

And if they do, one runner might catch their eye.

Flatten The Curve is a roughie in the betting. But it has an impressive European record. The German stayer is unbeaten in its past eight long-distance races on turf.

And its name has a very particular significance for the RBA.

Flattening the curve is exactly what the monetary board members are now looking to do as they confront an inflation outlook with both the headline and underlying rates again on the rise.

It is a challenge that also

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