There’s a compelling case for RBA reducing interest rates on Tuesday
The board has created expectations of no rate cut at the final meeting of 2024. That’s the mirror of its 2021 error when it implied there would be no rise.
Australia’s growth in output and real income per person since 2013 has been close to the bottom of the developed democracies. This follows more than two decades near the top.
My new book, Let’s Tax Carbon: and Other Ideas for a Better Australia, discusses the causes and suggests a path to better outcomes. Mistakes in monetary policy are prominent.
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Ross Garnaut is emeritus professor of economics at University of Melbourne. His new book Let’s Tax Carbon and Other Ideas for a Better Australia is published by Black Inc with La Trobe University Press.
