Vital Signs: the RBA's marching orders are no longer realistic. They'll have to change
- Written by Richard Holden, Professor of Economics, UNSW
Every few years, the government hands the Reserve Bank a new set of instructions.ShutterstockA somewhat obscure fact about the marching orders for Australia’s Reserve Bank is that, usually, when a government is elected or re-elected or a new governor takes office, the official agreement between the government and the Reserve Bank changes.
Ther...
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