Former top Reserve Bank economist Luci Ellis says the RBA may be forced to raise the cash rate several times if inflation stays strong, as she hosed down concerns a looming overhaul of the central bank could weaken governor Michele Bullock’s authority.
Dr Ellis last month became the first female chief economist of a big-four bank, leaving the RBA after 32 years to succeed Westpac’s high-profile chief economist Bill Evans.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
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