Why sharks are circling the RBA
Aug 25, 2022
3 minutes
John Dyall
Much is made about the independence of central banks and how important this is to the proper functioning of the financial system and the real economy.
The argument was put very clearly by the then governor of the Reserve Bank of Australia, Bernie Fraser, back in 1994: “To be able to do their job of keeping inflation under control, central banks have to be able to say ‘no’ to governments when that objective is threatened. This is
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