PM, energy minister to meet industry, manufacturing representatives; Fair Work Commission to hand down minimum wage decision. Follow updates here.
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Asked on ABC RN Breakfast how much harder this would make it for the RBA to contain inflation, McKibbin says it’s a mistake for the central bank “to be put in a position of being the policy of last resort”. “This has to be a coordinated policy between treasury with fiscal policy, the Reserve Bank with monetary policy, and a very clear framework for climate and energy policy going forward.”The Australian economy was in good shape, McKibbon said, and it was important Governor Philip Lowe“The analysis has been done inside the bank so that experts can review it and critique it. That gives us a much better belief that what the bank is doing is based on some more substantial evidence,” McKibbin said.
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