Former Reserve Bank of Australia Governor Fraser says the RBA should cut its cash rate

A former Reserve Bank of Australia Governor, Bernie Fraser, says the current RBA board is excessively focused on inflation:

• Fraser says the Board should cut the cash rate
• Fraser cited looming “recessionary risks”, that would be devastating for the jobs market

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Fraser was Governor from September 1989 to September 1996.

Fraser (arrow points to him) with then Federal Treasurer Keating. Keating went on to become PM.

This article was written by Eamonn Sheridan at www.forexlive.com.