A credible, capable, stable and independent central bank has proven to be one of the most powerful institutions underpinning a strong, low-inflation economy.
While our Reserve Bank hasn’t always got it right, we can’t afford any actual or perceived shift away from stability and independence in these uncertain economic times.
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Angus Taylor is Shadow Treasurer. This is an edited excerpt from his Warren Hogan Memorial Lecture given at the University of Sydney on Wednesday evening. Connect with Angus on Facebook and Twitter.
