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Economic conditions and the Reserve Bank of Australia's transformation

· Michele Bullock, Governor of the Reserve Bank of Australia (Australia)

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· Michele Bullock Wiki · Reserve Bank of Australia WikiEconomic conditions and the Reserve Bank of Australia's transformation

ContextAddress by Michele Bullock, Governor of the Reserve Bank of Australia, at the Committee for Economic Development of Australia (CEDA) Annual Dinner, Sydney, 28 November 2024.

Why it mattersThe RBA governor explains why core inflation is still too high and how the bank is reforming itself.

Problems raised
  1. Trimmed mean inflation is still too high.
  2. Geopolitics is shifting.
  3. Technology changes fast.
Solutions proposed
  1. Keep flexible inflation targeting.
  2. Transform the RBA.
  3. Balance inflation and employment.
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