Subscriber • Opinion

Confessions of a Reserve Bank board member

By John Edwards
November 15 2021 - 6:25pm
With perfect foresight, the RBA may have cut rates quicker than it did. But who has perfect foresight? Picture: Shutterstock

With both the government and the opposition nodding their support, an inquiry seems likely into the Reserve Bank's conduct of monetary policy over the past decade or two. I was a member of the RBA board from 2011 to 2016, so I guess I will have to take my share of the blame for whatever shortcomings it might find. But before we look at the criticisms of the RBA, it's worth considering a few points about what has happened since I left.

Advertisement

Ad

Advertisement

Ad

Get the latest Canberra news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.