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The Guardian - AU
The Guardian - AU
Business
Peter Hannam Economics correspondent

Why does the RBA want unemployment to go up? And what has it got to do with inflation?

RBA Inflation Unemployment Michele Bullock Reserve Bank Reserve Bank of Australia
RBA deputy governor Michele Bullock: ‘If unemployment remains too low for too long, inflation expectations will rise.’
RBA deputy governor Michele Bullock: ‘If unemployment remains too low for too long, inflation expectations will rise.’ Photograph: Lukas Coch/AAP

The Reserve Bank’s deputy governor, Michele Bullock, drew some flak this week for saying the unemployment rate would have to rise in order to curb inflation.

What was behind her comments and why has it got some people worried?

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