Tag: Memo
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Memo to RBA: To carry down inflation, we should carry down income
When Treasurer Jim Chalmers introduced the appointment of Michele Bullock as governor of the Reserve Financial institution, he lauded her “recent perspective”. That’s a stretch, on condition that Ms Bullock has labored on the RBA since 1985. And nobody expects her to vary course on rates of interest, which the RBA hiked 12 occasions since…