Opinion
PM plays with fire on RBA interest rates
Anthony Albanese’s reckless warning for the RBA not to ‘overreach’ works against Philip Lowe’s efforts to keep a lid on inflation expectations and maintain credibility.
John KehoeEconomics editorPrime Minister Anthony Albanese is recklessly playing with fire by warning the Reserve Bank of Australia not to “overreach” on increasing interest rates.
The Prime Minister’s comments work directly against RBA governor Philip Lowe’s efforts to keep a lid on inflation expectations and maintain credibility in the central bank which is already under pressure.
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