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RBA Governor Michele Bullock Flags Rate Rise That Could Cost 5% of Jobs
Original: RBA Rate Rise: Michele Bullock Targets 5% Job Loss
Reserve Bank of Australia governor Michele Bullock is at the centre of debate after a rate rise commentary linked to an estimated 5% job loss figure, sparking concern about the bank's willingness to trade employment for inflation control. Critics argue the figure shows how harsh further tightening could be for Australian workers, while supporters say the RBA is simply being candid about the trade-offs in bringing inflation back to target.
Why now: Fresh RBA rate commentary tied to a striking jobs estimate is fuelling debate over the cost of fighting inflation.
Reserve Bank of AustraliaMichele BullockAustralia
Evidence
- RBA Rate Rise: Michele Bullock Targets 5% Job Loss · One News Australia
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