The RBA has a dual mandate to contain inflation while also shielding jobs. The Coalition should reconsider its veto of a separate policymaking board to help it do that.
Market economists canvassed in The Australian Financial Review’s quarterly survey have given Reserve Bank of Australia governor Michele Bullock a cautious tick of approval for her first year in office. Her predecessor, Philip Lowe, had been forced to apologise for his emphatic but unwise forward guidance in 2021 that interest rates would remain low until this year.
RBA governor Michele Bullock. David Rowe
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
