Mr Lowe’s speech, which could be one of his last, is expected to be a response directed at the
federal government’s independent review of the Reserve Bank after 12 interest rate rises in 13 months.
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Further interest rate rises will be ‘dangerous’ for LaborNorthern Territory correspondent Matt Cunningham accuses Labor of attempting to make RBA Governor Philip Lowe to be the “bogeyman” for raising interest rates to fight inflation. “If we see further interest rate rises, the government’s been able to blame the past 10 on the previous government and on the Reserve Bank,” Mr Cunningham told Sky News host Sharri Markson. “That’ll be dangerous for Labor if those rates are still going up.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
RBA governor to deliver potential final speech in BrisbanePhilip Lowe will be speaking at a business event in Brisbane later this week and there is speculation it may be his final speech as governor of the Reserve Bank of Australia. Judo Bank Chief Economic Advisor Warren Hogan says Australia will be waiting for him to discuss two topics in particular. “One, is he going to really talk about the risks to monetary policy, this risk that our interest rate has to go up to where the rest of the world is, above five per cent,” Mr Hogan told Sky News Australia. “The other one, which the political people are interested in, is whether he has a go at the government in any way, shape or form, around their policies in the last twelve months and whether it’s making his life more difficult.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »