RBA’s ‘whatever it takes’ attitude will cause a recession: ACTU
The Australian Council of Trade Unions has accused the Reserve Bank of deliberately laying the groundwork for a recession due to its “whatever it takes” attitude to bringing inflation back to target.
The allegation forms part of a broader call by the union movement to ditch a three-decade old monetary policy framework whereby a politically independent central bank has primary responsibility for ensuring low and stable inflation.
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