RBA rates call will fuel inflation and prolong cost-of-living crisis
The board has broken the sacred rule of modern central banking: do not pump prime the economy before an election, particularly when there will be a cost to all Australians.
It is important to remember what good people work at the Reserve Bank. They dedicate their lives to ensuring the stability of the Australian economy and the wellbeing of our citizens.
But once again, their board has let them down.
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Warren Hogan is managing director of EQ Economics.
