Treasurer, please sack the RBA governor and the Monetary Policy Board members – they have gone rogue

Created
Thu, 10/07/2025 - 16:12
Updated
Thu, 10/07/2025 - 16:12
Once again the Reserve Bank of Australia has gone rogue. On Tuesday (July 8, 2025), it held its cash rate target (the interest rate that expresses its monetary policy stance) constant at 3.85 per cent despite all the indicators suggesting that it would cut that target rate. The financial markets are in uproar because they…