RBA Governor made a ‘mistake’ which ‘hurt’ aspirational Australians

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

RBA Governor Philip Lowe made a mistake when he said interest rates would remain at historic lows until at least 2024, which “hurt” aspirational Australians, according to LNP MP Garth Hamilton.

“But the person who’s going to decide whether the Governor stays on or not is the Treasurer,” he told Sky News host Amanda Stoker.

“And, quite frankly, I don’t think the Treasurer really cares that much that the Governor hurt aspirational Australians.” Mr Hamilton said there was a lot of “hubris” in Treasurer Jim Chalmers’ essay but “not much there to inspire” aspirational Australians who want to get into the property market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Could be worse

Come on the government didn't know what was going to happen if a war started Ukraine ? Or what would happen if Boris blew the gas pipeline ?Their up to their neck in it, just like they knew there that there was a housing crisis greed house are to buy and sell not to live in GREED

It was a bad move. Many are likely suffering.

It's alright for Mr Lowe to get on here and announce interest rate hike heaping more pressure on us mere hard working Australians. He still gets his nearly $1 million wage at tax payers expense. Cut his salary by $100000 everytime he makes an announcement and see what happens.

That photo of him has to be be 20!years Old 🤷‍♂️🤷‍♂️

And he's still in the job! Scumbag

What kind of a mistake is sackable at the RBA? Just asking for us commoners

If you believe the “shepherds” you will be a lamb led to slaughter…. payattention

Be careful what you wish for! That was his best prediction at the time. We want honest and technically driven views ( yes, with appropriate caveats) and he gave that. A forecast is just that. We need to be mature enough to understand the uncertainty and risk!

He meant to say the currency war will continue until after 2024 .

Said most caught crooks, financial embezzlers, and uni bombers - 'I made a mistake' !

The RBA gov did NOT that. How about fact checking what he said?

How he has remained in charge is bewildering.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RBA must get on with lifting interest ratesOPINION: CPI numbers have confirmed that we are getting just as much inflation as other similar economies, if not a bit more. So when is the gold back dollar coming in ? I remember being called a 'conspiracy theorist' when i said this was going to happen when they put half the planet in lockdown in 2020. No increase in wages however
Source: FinancialReview - 🏆 2. / 90 Read more »

800,000 Australian households warned of new mortgage shock. Here’s how much it could cost youThe Reserve Bank of Australia predicts 800,000 Australian households could be in for a rude awakening when their fixed rate expires this year. 7NEWS Seen first hand what’s happening. Why was many unsuitable candidates allowed to have ‘ money ‘ beyond their means , , have NO sympathy for victims at all Can we still trust RBA after this rate rise won't be expected until 2024? Their options are irrelevant
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »