Friday, February 17, 2023

"Philip Lowe feels your pain" - Labor's Andrew Charlton says Reserve Bank boss has a "tough job to do"

It's been a tough week for the Reserve Bank governor Philip Lowe and he's back for a second round of parliamentary grillings later on this morning.


One of the big questions is whether nine consecutive interest rate rises are starting to work, given evidence yesterday that Australia's jobless rate is ticking higher.

Mr Lowe faces the House Economics Committee and where he'll be grilled again about how many more rate rises the economy can withstand. 


One of the MPs interrogating him is economist Andrew Charlton (one of Labor's rising stars and a former advisor to former Treasurer Wayne Swan). 

But Dr Charton says there's no doubt that Philip Lowe feels your pain.

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