Former BoC deputy and team to examine Australian central bank\u0027s monetary policy following criticism over its handling of inflation. Read on
, joins a team of economists that will undertake the first wide-ranging review of Australian monetary policy since the 1990s.for failing to anticipate a surge in inflation. Philip Lowe, the RBA’s governor, called the miss “embarrassing.”
on July 20. “This is an important opportunity to ensure that our monetary policy framework is the best it can be, to make the right calls in the interests of the Australian people and their economy.”Article content Australia’s consumer price index hit 5.1 per cent year-over-year in the March 2022 quarter, led largely by rising shelter and fuel costs, according to the
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