Opinion
Reserve Bank must restore credibility and not buy into energy rebate trickery
A year out from an election and amid Labor’s overhaul of the institution, a temporary mechanical reduction in the CPI has the potential to interfere with the RBA’s independent conduct of monetary policy.
Steven HamiltonColumnistFor a little over a year, the Albanese government has waged a disinformation campaign on energy prices, claiming that subsidising energy bills lowers inflation.
Whether they’ve managed to fool the public remains to be seen. But there’s one constituency – perhaps the prime target – whose views on the government’s subterfuge must be clarified. And that’s the RBA board.
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