Avoiding a rise in unemployment is important for the RBA – but apparently not a dealbreaker
-
Get our new political email, free app or daily news podcast
And here we are again. Hello darkness my old friend. Interest rates up again and talk of a recession if needed.
The Reserve Bank’s enacting legislation gives it a dual mandate – “price stability [ie stable inflation] and the maintenance of full employment in Australia”. But in reality the RBA seems to ignore the “full employment” aspect overall and we now need to worry about a recession.
