RBA passes test but Australia needs fairer policies, says former governor | The Business | ABC News
ฝัง
- เผยแพร่เมื่อ 5 ก.ย. 2024
- Former RBA governor Bernie Fraser says the independence of the Reserve Bank of Australia and its inflation-targeting framework have served the country well and should not be abandoned, but its performance has been undermined by governments pursuing neoliberal policies.
Mr Fraser - who was RBA governor from 1989 to 1996 - says Australia's central bank has helped to deliver an average inflation rate of 2.5 per cent over the past 30 years. He says that degree of price stability should have been the foundation upon which policymakers built a fairer society.
Instead, he says, governments have changed housing policies, and the tax system, and labour laws, in ways that have made wealth and income inequality noticeably worse.
0:00 Introduction
0:45 How’s the RBA been performing?
2:15 The big ‘miscalculation’
3:10 How do we improve the RBA?
4:45 On the impact of neoliberalism
7:18 Have governments held up their end of the bargain?
Subscribe: ab.co/1svxLVE Read more here: www.abc.net.au...
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on Twitter: / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia