Wednesday, February 15, 2023

"I won't quit" - Reserve Bank governor Philip Lowe digs in amid calls for his sacking

Reserve Bank governor Philip Lowe is continuing to resist calls for sacking or resignation as a high stakes parliamentary hearings gauge the pain from nine consecutive interest rate rises. 


Mr Lowe says there are more rate rises to come despite predicting in late 2020 that interest rates would stay close to zero until 2024. 

Also Commonwealth Bank chief executive Matt Comyn tells me he sees "significant pain" from inflation, rising interest rates and falling house values.

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