The Reserve Bank board has always done what it believes is right. But former senior officials say that hasn’t stopped successive governments from trying to get their way.
RBA governor Michele Bullock will front the press at 3.30pm on Tuesday. Oscar Colman
In the lead-up to every Reserve Bank decision, a familiar drumbeat starts to build. Commentators, economists, and the odd politician push out confident calls for what the central bank should do – cut rates, hold firm, or even hike.
The arguments are often dressed up in economic logic, but behind them lurks another force: a carefully cultivated media narrative.
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Original URL: https://www.afr.com/policy/economy/drum-beats-and-politics-how-rba-rate-calls-are-really-made-20250213-p5lbvk