Opinion
Bullock tiptoes through a political minefield
The Reserve Bank governor has been trying to avoid blaming Canberra and state government budgetary blowouts for fuelling inflation.
Karen MaleyColumnistReserve Bank boss Michele Bullock will need all her political acumen as she tries to explain why punishingly high interest rates are inflicting huge pain on Australian households yet failing to tame inflation.
At its meeting on Tuesday, the Reserve Bank board kept the cash rate steady at 4.35 per cent, while acknowledging that even though inflation is easing, it “has been doing so more slowly than previously expected and it remains high”.
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