The pointy end of the work of the panel reviewing the Reserve Bank will be to decide whether Governor Philip Lowe committed a sackable offence by saying, over and over, that he expects the cash rate to stay at 0.1 per cent until 2024.
It won’t come to a pink slip and cardboard box because Dr Lowe won’t seek an extension when his term expires in September 2023, like his two predecessors did, but there should be something that feels like a sacking: An external appointment to replace him, and shake the place up.
