Economy· August 17, 2026 at 07:34 a.m.
Former RBA Officials Criticize Inflation Strategy
Key takeaways
- Former RBA officials criticize the central bank's approach to inflation
- Criticism made during a panel discussion at the Australian National University
- Call for the RBA to be more proactive in addressing inflation
A group of former Reserve Bank of Australia (RBA) officials have criticized the central bank's approach to inflation, describing it as 'unhelpful passivity'. The criticism was made during a panel discussion at the Australian National University. The RBA has been under scrutiny for its handling of inflation, which has remained below the target range of 2-3% for several years.