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Michael Stutchbury

RBA’s Bullock now has a bigger megaphone. But what should she say?

It’s possible the inflation problem is not about overheated demand, but rather the supply bottlenecks caused by lagging productivity.

Michael StutchburyEditor-at-large
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Jim Chalmers’ shake-up of the Reserve Bank was designed to clip the wings of Australia’s central bank governor. But it also has handed Michele Bullock a bigger megaphone to amplify some uncomfortable home truths.

Given the new platform of an RBA governor’s press conference after every meeting of the rate-setting board, Bullock has even catapulted past Chalmers to take second spot, behind only the prime minister, on The Australian Financial Review Magazine’s 2024 Power list published on Friday.

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Michael Stutchbury is editor-at-large. He is in his fourth decade of writing for and editing national newspapers. After nearly six years as editor of The Australian, he returned to the Financial Review as editor-in-chief (2011-2024). Email Michael at mstutchbury@afr.com
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    Original URL: https://www.afr.com/policy/economy/rba-s-bullock-now-has-a-bigger-megaphone-but-what-should-she-say-20240923-p5kcsy