Opinion
As Reserve Bank deputy governor Andrew Hauser said on Thursday, it’s a mistake to change policy on one piece of data. But it is an egregious folly to ignore serial indications of sticky inflation.
Charles Blondin was a famous French tightrope walker best known for multiple crossings of Niagara Gorge.
He did so with a number of theatrical variations, including being blindfolded, pushing a wheelbarrow, on stilts, carrying a man on his back and, bizarrely, sitting down midway while he cooked and ate an omelette.
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Original URL: https://www.afr.com/markets/debt-markets/the-rba-is-walking-a-tightrope-between-inflation-and-jobs-20240630-p5jpuk
![“We’re having a birthday party for [daughter] Rada in a few weeks and we’re going to get the truck to come, which is a real flex,” O’Neill says.](https://static.ffx.io/images/$zoom_0.7012%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_732%2C$y_641/t_crop_custom/c_scale%2Cw_600%2Cq_52%2Cf_auto/b5e4395344f07ccd1e3a348af02af77c8eeb8d1b)
