Why Michele Bullock will not call Jim Chalmers’ bluff
Michele Bullock is aware that it’s not a good time to be picking a fight with the Treasurer by drawing attention to the fact that government policies are playing a major role in driving inflation.
It’s extremely convenient for Treasurer Jim Chalmers that Australia’s central bank is in a vulnerable position at present because it means that Reserve Bank governor Michele Bullock will be extremely reluctant to call him out.
RBA governor Michele Bullock knows the central bank is vulnerable. Louie Douvis
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
