Reserve Bank of Australia (RBA) board members admitted to doing a “terrible” job in the wake of the COVID-19 pandemic during a recent panel discussion in Melbourne.
Reserve Bank of Australia board members admitted to doing a “terrible” job in the wake of the COVID-19 pandemic during a recent panel discussion in Melbourne.
Board member Ian Harper acknowledged that in hindsight, the bank’s handling of the situation was far from ideal, as they struggled to stabilise the Australian economy and maintain inflation rates within the target range of 2-3 per cent. Deputy RBA Governor Michelle Bullock added that the messaging from the bank has been “garbled” at times, further contributing to the difficulties faced during the crisis.
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