A tangle of interest rate fish hooks

AWU chief Paul Howe's call to change the Reserve Bank charter raises the question: should rates policy be used to target inflation if it conflicts with strong economic growth and low unemployment?

The head of the Australian Workers Union chief Paul Howes has called on the federal government to urgently review the charter of the Reserve Bank of Australia, suggesting its current policy setting is inappropriate while the manufacturing industry struggles under the weight of a high Australian dollar.


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