Opinion
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-largeJim 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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