Michael Pascoe: You want more RBA independence, Treasurer? Cop this

Treasurer Jim Chalmers will have to deal with more than declining living standards, Michael Pascoe writes. Photo: TND

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down quickly needs to be sharpened? You want more independence? Well cop this.”

The Reserve Bank board didn’t actually say that to Treasurer Jim Chalmers while increasing interest rates again on Tuesday afternoon, but it may have been between the lines.