Philip Lowe’s final inquisition leaves out some tough questions

Outgoing RBA governor Philip Lowe told a House committee hearing in Canberra on Friday that further interest rate increases were ‘possible’ and it was ‘too early to declare victory’. Photograph: Lukas Coch/AAP

Australia’s borrowers hoping for insights about how the Reserve Bank will change under a new governor would have been disappointed by the House of Representatives economics committee interrogation of RBA chiefs on Friday

Philip Lowe, who was overlooked by the Albanese government for an extension to his seven-year stint at RBA governor, dominated proceedings. His successor, Michele Bullock, perhaps out of deference, kept schtum on any differences of opinion, and was not pressed by the MPs of Labor, Coalition or independent persuasion.