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The central bank under fire: Has the RBA failed Australians? – Sydney Morning Herald
The role and importance of the central bank is little understood, but a number of economists and experts are claiming it has failed the country.
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Struck in bronze and attached to a dominating piece of stone in the foyer of the Reserve Banks headquarters in Sydneys Martin Place is the banks charter.
Every day, as bank staff enter the building, they are reminded of the central banks critical functions.
Those functions are to direct bank policy to the greatest advantage of the people of Australia. It is to do that through three key actions: maintaining the stability of the currency, ensuring…
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