Lunatic RBA babbles insanely in Parliament

Via Phil Lowe in Parliament today:

Thank you for this opportunity to share our views on the Australian economy and the RBA’s important public policy responsibilities. My colleagues and I strive for a high level of transparency and these hearings are an important part of the accountability process.

Later this morning, we will be releasing our quarterly Statement on Monetary Policy, which will include our latest forecasts. I would like to begin today by highlighting the main points regarding the forecasts for output growth, the labour market and inflation. I will then turn to monetary policy.

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