Opinion
A hefty rise in interest rates would prove the RBA’s mettle
The key to avoiding a re-run of the 1970s is the inflation expectation set by the Reserve Bank. Its communications have to improve.
Steven HamiltonEconomistAs the Reserve Bank of Australia board convenes on Tuesday, it faces perhaps the most challenging set of circumstances since the establishment of independent monetary policy in Australia.
Yes, tougher than the Asian financial crisis in 1997, the global financial crisis in 2008, and the COVID-19 pandemic in 2020. How it responds will test its mettle like nothing before.
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