Ex-governor Fraser knocks RBA’s rapid hikes


Bernie Fraser, a former governor of the Reserve Bank of Australia (RBA), on Sunday criticised the central bank's current management for raising its benchmark cash rate too quickly.

Fraser, who was the head of the RBA when it gained independence from the government, told Bloomberg, a news wire, that the central bank's current rate-setters "could have paced themselves a bit more and not been so keen." "The Reserve Bank will wait for a number of months, given what's happening in Europe and with the

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