Stop telling us what to do with interest rates: RBA deputy

Commentators telling the Reserve Bank of Australia to cut or raise interest rates are overconfident “false prophets” who could damage the economy with their poor predictions, deputy governor Andrew Hauser warns.

The unusually blunt remarks from the RBA’s second-in-charge highlight the central bank’s exasperation with ongoing criticism of its approach to setting interest rates during the current episode of high inflation.