The RBA isn’t hammering anything – it’s kept stability for decades
We should be out celebrating. Even as inflation blew past 7 per cent, the RBA’s targeting model has kept the spiral of inflationary expectations in check.
The Reserve Bank of Australia is under attack from all sides. Its actions, and inflation targeting, are being questioned. Much of what is being said and written plays to common misconceptions. Almost all of it is wrong.
The RBA has been slammed by former treasurer Wayne Swan. David Rowe
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Peter Downes is a former Treasury and OECD official and director of Outlook Economics.
