Latest / Early Edition with Ryan Bridge
Ryan Bridge: The economy's been a sick patient for a long time
If growth is the game we're in then the Reserve Bank should keep cutting interest rates.
The problem is growth is not the game they're in. They're in the business of taming inflation, and that's about it.
The Government ditched the dual mandate —introduced by the last lot— that saw Adrian and Co. also focus on keeping people in jobs. Maximum sustainable employment.
That's now gone and inflation's in the band.
So the bank is going to take things slow. Ease the next few cuts over a longer period of time out of fear they'll overcook it again.
They'll be thinking about Trump's tariffs and the…
The skinny
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