Carrington Clarke
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the RBA has a tough job.
They try and maintain what they call full employment.
They are trying to keep inflation under control.
And given that, last time I checked,
They have been in the target band that between 2% and 3% for just one in five of their past 40 meetings gives you a sense of how difficult that task is to keep inflation where they say they want it.
The votes aren't linked to people.
We don't know which way different members go.
That's because this is Australia and we're not that into accountability.
There's probably... Oh, you're so sensible.
There is there's reasons why they don't.
There are reasons why you could actually say, look, you know, this is why they think it is.
You know, actually, we do have actually better accountability than we ever did after a large scale review of the RBA a few years ago.
And Michelle Bullock now holds a press conference afterwards where people like Carrington can go and ask impertinent questions, which is always fun and does actually give some insight.
They were late last time.
Inflation got away for them.
They won't be late again.
They are an inherently conservative organisation.
However, they are more concerned about inflation than anything else.