RBA’s Bullock rules out setting an employment target

Governor says full employment cannot be reduced to a single measurement

Reserve Bank of Australia, Sydney
Rachael King

Australian central bank governor Michele Bullock said it would be “unwise” to set a numerical target for the central bank’s full employment goal.

Delivering her first speech as the governor of the Reserve Bank of Australia (RBA) on October 24, Bullock said the central bank will adopt a dual mandate with a clearer definition of both price stability and full employment.

In April, a government-appointed expert panel proposed a wide range of recommendations to overhaul the RBA’s governance and

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