Philip Lowe mightn’t be a household name but the Reserve Bank governor finds himself catapulted right into the centre of this election campaign, in which events are proving more important than policies.
The very large inflation spike has economists declaring vehemently that the bank should put interest rates up on Tuesday, rather than waiting until June, after the election.
Both sides of politics accept the necessity and inevitability of rates rising soon. Lowe and the bank are independent and non-political, but they would also be aware a decision to hold off the increase for another month could be seen as political.
