RBA Official Warns Public Confidence in Inflation Fight Is Eroding
A top Reserve Bank of Australia official said public confidence in the central bank’s ability to control inflation was eroding, warning that a loss of trust could make taming price pressures more costly. The remarks followed a fifth interest-rate increase.
Public confidence in the Reserve Bank of Australia's ability to control inflation was eroding, a top central banker said on Thursday, warning that a loss of trust could make the job of taming price pressures even more costly.Speaking in Canberra after raising interest rates for the fifth time this…