Listening to Australians, interpreting the data and setting monetary policy
· Michele Bullock, Governor of the Reserve Bank of Australia (Australia)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, technology, ai and cyber risk
MB · Michele Bullock Wiki · Reserve Bank of Australia WikiListening to Australians, interpreting the data and setting monetary policyContextSpeech by the Governor of the Reserve Bank of Australia at The Australian Financial Review Business Summit in Sydney.
Why it mattersThe Reserve Bank of Australia's Governor explains how surveys of Australians feed into rate decisions.
Problems raised- Inflation has stayed above target for a long time.
- High inflation delays business plans.
- People may come to expect high inflation.
Solutions proposed- Listen to Australians through surveys.
- Interpret data carefully before acting.
- Set policy to bring inflation back to target.
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