Gareth Aird at the CBA with a fine piece. Basically, the RBA has no credibility left.
Recent RBA forward guidance at odds with RBA review into forward guidance
Forward guidance first appeared in the Governor’s August press conference
Why nobody believes in the hawkish RBA
David Llewellyn-Smith
Wednesday 28 August 2024
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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