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The central bank is not confident that inflation is on track to fall within its target range in the next couple of years, according to the minutes of its recent meeting.
The strategy behind the Reserve Bank’s new era of openness is full of risks, as markets and householders take the governor at her word.
The RBA board will break new ground this week, by meeting on a Monday, holding a press conference and releasing its full economic forecasts earlier than usual.
The Reserve Bank is coming in for some heavy criticism, but we need it to be a straight shooter in our age of spin and social media echo chambers.
RBA governor Michele Bullock says expecting everyone in a meeting to speak up and considering those who don’t to be “chicken” does not work for all people.