Attacks on Australia's Reserve Bank a 'disappointing diversion', BlackRock says

Jim Chalmers has been critical of the Reserve Bank of Australia. (Image: Getty)

Tue, 10 Sep 2024

By James Glynn Recent criticism of the Reserve Bank of Australia (RBA) by the country’s centre-left Labor Government is a diversion from the fact that Canberra’s record spending is itself playing a big part in keeping inflation high, says BlackRock, the world’s biggest investment firm.Treasurer Jim Chalmers last week warned that the RBA was “smashing the economy” with high interest rates, while former Labor Treasurer Wayne Swan, who led Australia through the global financial crisis, said the central bank was &...

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