Avoiding a rise in unemployment is important for the RBA - but apparently not a dealbreaker

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And here we are again. Hello darkness my old friend. Interest rates up again and talk of a recession if needed.

The Reserve Bank’s enacting legislation gives it a dual mandate - “price stability [ie stable inflation] and the maintenance of full employment in Australia.” But in reality the RBA seems to ignore the “full employment” aspect overall, and we now need to worry about a recession.

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