The committee is set to look at the central bank’s recent interest rate decisions and will question Mr Lowe’s plans to tackle inflation.
The RBA last faced the committee in February when it maintained an official position that rates could remain at 0.1 per cent until 2024.
The RBA are independent of the government and it should stay that way. Labor keep implying they have power over the RBA when they don't.
The Socialist government needs to control this independent authority. This is just the beginning!
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Lowe’s February promises to face October reality as rates riseAt the start of the year, RBA governor Philip Lowe was confident about interest rate settings and the economy. Now he faces a reckoning on the reality. | ANALYSIS by Shane Wright Thanks for allowing me to read the article even with the ads. My wife would love some Argyle diamonds & no doubt Shane is loving the revival of Running up the hill. I'm an abcadelaide fanboi & love his input over the yrs. Give the keys back champ Very bad to keep interest rate so artificially low ,and banks simply given housing loan based on 10% deposit is asking for trouble 😏
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