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Michael Stutchbury

Repair fiscal policy to stop politicians fighting RBA’s monetary policy

Political ill-discipline has produced the biggest spending increase for a first-time government since the Whitlam era 50 years ago.

Michele Bullock is wary of not making even factual remarks about how the central bank’s monetary policy interacts with the government’s fiscal policy. It’s off-limits.

No way could Australia’s Reserve Bank governor offer public advice anything like what her Irish counterpart gave to Ireland’s new finance minister last month.

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Michael Stutchbury is editor-at-large. He is in his fourth decade of writing for and editing national newspapers. After nearly six years as editor of The Australian, he returned to the Financial Review as editor-in-chief (2011-2024). Email Michael at mstutchbury@afr.com

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    Original URL: https://www.afr.com/business-summit/repair-fiscal-policy-to-stop-politicians-fighting-rba-s-monetary-policy-20250304-p5lgut