Article 33J7Z Interest rate anxiety ‘new threat’ to central bank independence

Interest rate anxiety ‘new threat’ to central bank independence

by
Gareth Hutchens
from on (#33J7Z)

Reserve Bank's deputy governor Guy Debelle says people increasingly blame central banks for economic woes

One of the Reserve Bank's most senior officials has warned the public's anxiety about low interest rates and their affect on the distribution of wealth is posing a "new threat" to central bank independence.

Guy Debelle, RBA deputy governor, issued the warning to central bank colleagues in London overnight.

Related: Scott Morrison claims 'better days ahead' for Australian economy

Related: CEOs: if people aren't spending, maybe you need to pay them more | Greg Jericho

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