Reserve Bank is betting Australia’s economy on hope

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A wise man once said that “Hope is not a strategy.”

But that isn’t entirely correct.

As the chart below of historic Reserve Bank wage growth forecasts reveals, hope can be a strategy; it’s just not a particularly good one.

RBA wage price forecasts

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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.