The RBA has raised the cash rate to 3.85% to combat sticky inflation. Meg Elkins explains the psychology behind the decision and what the central bank hopes Australians will do next: spend less, save more, and temper wage demands.
Michele Bullock
Posted inNational
It took more than a century, but women are taking charge of Australia’s economy – here’s why it matters
For the first time in its 124-year history, Treasury will be led by a woman. Jenny Wilkinson’s appointment is historic in its own right. Even more remarkable is the fact she joins Michele Bullock at the Reserve Bank and Danielle Wood at the Productivity Commission. Australia’s three most powerful economic institutions are now led by […]