PolicyEconomyInterest ratesRichard HoldenRBA got shy again, just when Australia needed it to be boldNot wanting to be seen as political is admirable, but this is no time for Michele Bullock and her team to go back into their shell with inflation still roaring.Richard HoldenEconomics professorIt was no surprise that the Reserve Bank of Australia left the official cash rate on hold at 4.35 per cent at Tuesday’s meeting.More telling was the subtext of its official statement, and some of the colour governor Michele Bullock provided at her post-announcement press conference.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In EconomyFetching latest articlesMost Viewed In Policy
RBA got shy again, just when Australia needed it to be bold
Not wanting to be seen as political is admirable, but this is no time for Michele Bullock and her team to go back into their shell with inflation still roaring.
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