Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high
- Written by Stephen Bartos, Professor of Economics, University of Canberra
These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail – as is every word uttered at her press conference after each Reserve Bank board meeting.
Desperate for signals about what the bank will do next, market economists examine every comma, every adjective, for a hidden meaning....
