Philip Lowe is the easy fall guy for our economic woes. But maybe we should have listened to him more closely

‘Lowe certainly makes for decent sport – a bureaucrat on $1m a year who lecturers us to not to chase wage increases that keep up with inflation.’ Photograph: Lukas Coch/AAP

If hindsight is said to come with 20/20 vision, there should be an equivalent for hearing.

Reserve Bank governor Philip Lowe on Monday copped another barrage of attacks after he tried to explain to Senate estimates why in 2021 the central bank was saying interest rates might not rise until 2024.