Who Is Gaslighting Who?

The Senate Estimates process is always worth a watch, as it can be more spicy than the Lower House version, where entities from the RBA through to Treasury, and other Government entities are questioned by Senators. This past week we had the RBA on the stand, following the recent rate rise and the release of the latest Statement on Monetary Policy. That document is a summary of the RBA modelling and assumptions, and contains some forecasts, which are conditioned on current market interest rate expectations, assumptions on productivity growth, which are anaemic, and Government spending at the Federal and State […]