Opinion
Lowe should give Bullock a breather
If the RBA board believes that the cash rate is likely to rise further over the next six months, the imperative should be to get it done before the new governor chairs her first meeting in October.
Warren HoganEconomistThe Reserve Bank board should be thinking about what cash rate will be appropriate when Michele Bullock takes over as governor in late September.
It would be highly desirable for the new governor to be able to keep rates on hold for her first three meetings, which would take her right through summer to February 2024. There is no substitute for a good start, and in monetary policy terms that means not having to hike interest rates.
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