Ask Fear & Greed: Do we really need the RBA?

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? Join Sean Aylmer & Michael Thompson as they answer questions on business, investing, economics, politics and more. If you have your own question for Ask Fear & Greed, get in touch via our website , LinkedIn , Instagram or Facebook ! Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.