David PeningtonMar 17
John Quiggin
Fuel price shocks should not be used to justify interest rate increases. RBA is supposed to focus on domestically generated "core inflation", as well as full employment objective. Possibility of global economic crisis suggests rates should be cut, or at least paused, not increased. #auspol
Mar 17 at 4:26amWeb
Show threadRaymondPierreL3Mar 17

@johnquiggin
What does that say about the #RBA Board John?

While I understand why there is a fiscal v monetary policy division of powers, the RBA isn’t doing much to confirm it’s capacity to manage their end of the business to the required standard, perhaps inviting calls to bringing it back into the Ministerial portfolio…

Show threadArapallaMar 17

@johnquiggin

Feul shocks work the same as a rate hike. I thought the educated souls at the RBA had worked that out already....

No. They don't pay for fuel so don't seem to care.