The Role and Necessity of the RBA Explained

Listener Wesley asks: We believe in free markets. The Bond market sets interest rates. Forecasts are never correct. predictions of "wage price spirals " never materialise.

Contradictory statements of "We are data driven, we don't see that in our model/forecast". And finally only reaching their mandate once in a decade of both core and headline in the target range.

Why do we have the RBA?

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