Centre For Independent Studies Chief Economist Peter Tulip says the RBA review handed to the Treasurer is more interested in “governance” and changing interest rate targets is “a bit pointless” if the bank is not going to reach them.
“This review of our central bank is much more interested in questions of governance and how to actually make a central bank or give it the power to actually hit
whatever target it’s been given, it’s a bit pointless changing a target if the bank is never going to hit it,” Mr Tulip told Sky News Business Editor Ross Greenwood.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RBA review’s 51 recommendations land on Chalmers’ deskThe independent review of the RBA has handed its recommendations to Treasurer Jim Chalmers, such as reforming the board, improving communication and enhancing the bank’s accountability.
Read more »
RBA tipped to pause interest rate risesSky News Political Editor Andrew Clennell is tipping a pause in the interest rate rises when the Reserve Bank of Australia meets on Tuesday. “Certainly, the government is hoping for this,” Mr Clennell said. “But it's fair to say they're unsure what the bank is going to do. “Whether or not there’s a further rate rise later in the year is an entirely different matter.”
Read more »
At least 11 killed in stampede at Ramadan food distribution centre in PakistanEight women and three children die in a deadly stampede at a Ramadan food and cash distribution centre in Pakistan's southern port city of Karachi.
Read more »
US Army recruitment slump a result of young people being uninterested in ‘going woke’The US Army’s recruitment quota slump is a result of young people being uninterested in “going woke” when joining the military, says Centre of the American Experiment President John Hinderaker. “All of the branches of military service have badly missed their recruitment quotas,” he told Sky News host James Morrow. “They’re not signing up the soldiers and sailors and marines that they need. “Obviously the reason is that the sorts of young men and women who would volunteer to serve in the Armed Forces, aren’t interested in going woke.”
Read more »
Trump’s indictment would ‘increase his political clout’ in the Republican PartyFormer US president Donald Trump’s indictment would “increase his political clout” in the Republican Party, says Centre of the American Experiment President John Hinderaker. “We could have the spectacle of a former president going in front of a very hostile jury in New York that probably would convict him, and then you have appeals and so on; this could go on for a long time,” he told Sky News host James Morrow. “If you look at the political ramifications in the short-term it is certainly going to increase Trump’s popularity, increase his political clout in the Republican Party but none of us really know how it’s really going to play out.”
Read more »