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Letters to the Editor

RBA pays price of Labor spending

Readers’ letters on the tension between Treasurer Jim Chalmers and the Reserve Bank over interest rates and inflation; Penny Wong’s speech at The Australian Financial Review Asia Summit; and domestic gas supply.

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It’s a battle royale between our treasurers (past and present) and the Reserve Bank of Australia (RBA) over the question: what is worse – inflation or high interest rates?

I would put my money on the economists at the RBA rather than career and retired politicians with zero credentials in dealing with hard numbers and husbanding financial resources (No let-up in government splurge).

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    Original URL: https://www.afr.com/policy/economy/rba-pays-price-of-labor-spending-20240906-p5k8he