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Central bank independence and credibility matters. Here’s why

The Reserve Bank’s surprise decision to hold rates in July shocked the market. But a new survey finds its credibility has actually improved.

John Simon

A new monthly survey from Macquarie University shows the increase in economic uncertainty has led to a jump in pessimistic views about business...

There was a gap in logic between the decision and the explanation. That is why the new communications arrangements can’t come soon enough.

Not allowing the central bank to test its thinking with people in financial markets will leave us with much less well-informed monetary policy...

How can we tell if the Reserve Bank of Australia – which sets the interest rates that shape our national and household budgets – is doing a good...