Opinion
Why it’s vital that the RBA cuts rates at mid-year
The central bank is at great risk of overshooting its policy settings into higher unemployment and it is workers and small business who will cop it.
Craig EmersonFormer Labor minister and economistThose of us who care about Australians needlessly losing their jobs should worry that the Reserve Bank will keep monetary policy too tight for too long. A Reserve Bank determination to lift the unemployment rate to its target of 4.5 per cent, while bad enough in human terms, could easily lead to overshooting.
The RBA governor Michele Bullock is defending her position for too long. David Rowe
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