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The Latest Breaking News from Philip Lowe

RBA boss to stay on if reappointed

Reserve Bank of Australia governor Philip Lowe says he has no plans to resign when his term is up next September.

AAP

Government takes aim at high payment fees

The federal government and the central bank want to foster competition in payment technologies to help drive down the cost of transactions.

AAP

As household reserves vanish, we need wages to keep growth going

Economic data shows corporations are still making massive profits while workers go backwards, no matter what business cheerleaders say.

Crikey

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read the most diverse news in one place.

Reserve Bank review ‘will be relevant’ to Philip Lowe’s chances of a second term, Chalmers says

Treasurer says it is not a ‘performance review’ but will ‘feed into our thinking’ about RBA leadership

The Guardian - AU

Decision on RBA's top job due next year

The treasurer will consider the best possible leadership structure for the central bank when weighing up the reappointment of governor Philip Lowe next year.

AAP

RBA remains defiantly out of touch as shareholders enjoy a bonanza

Wouldn’t it be nice if the Reserve Bank stopped worrying about a wage-price spiral and focused instead on profit-greedy firms.

Crikey

All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA Governor Philip Lowe unveiled an eighth interest rates hike at the bank's final meeting of 2022 on Tuesday.

The New Daily

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Australia's central bank raises key interest rate to 3.1%

Australia’s central bank has raised its benchmark interest rate by a quarter-point to 3.1% as it tries to wrestle down inflation

The Independent UK

‘Harsh and heavy’: Rates hiked again as RBA ends 2022 with eighth straight squeeze

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

The New Daily

Interest rates rise to decade high as RBA delivers Christmas pain

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

The New Daily

Former treasurer Peter Costello criticises both Labor and Coalition over their economic management

The former Liberal treasurer has some harsh words for governments past and present.

ABC News

Inflation may now have peaked. The RBA must tread carefully

The next worry for Philip Lowe is he’ll have to apologise for raising interest rates longer than needed

The Guardian - AU

Michael Pascoe: The Pope’s a Catholic and forecasting is a mug’s game

The RBA had done all that could be done with monetary policy to fight the possibility of recession/depression from a global pandemic

The New Daily

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

Reserve Bank governor has been criticised for saying interest rates might not rise until 2024. But that message came with caveats some did not hear

The Guardian - AU

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The Guardian - AU

Afternoon Update: Landmark gender equality bill; Nationals oppose Indigenous voice; and Bob Dylan’s ‘fake’ signature

Labor passes its Respect@Work bill to address workplace culture and is set to pass the industrial relations bill after David Pocock gave his support

The New Daily

Rents, energy driving inflation: RBA chief apologises to mortgage-holders

Amidst Australia's inflation crisis, the head of the RBA is urging action to boost power and housing supply.

ABC News

RBA Governor Philip Lowe apologises to Australians struggling with mortgages

Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024.

Newcastle Herald

RBA governor 'sorry if people listened' to interest rate advice

"I'm certainly sorry if people listened to what we said and they acted on what we had said and now regret what they had done. So that's regrettable. I'm sorry that happened."

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AAP

Rents, energy driving inflation: RBA chief

The head of the Reserve Bank Philip Lowe has thrown his support behind measures to boost energy and housing supply to cool inflation.

The Canberra Times

RBA governor 'sorry people listened' to interest rate advice

Greens senator Nick McKim accused the governor of "inducing many Australians to take out mortgages in the belief that interest rates wouldn't rise until 2024".

Crikey

Good cop, bad cop: let’s not scapegoat one female police commissioner

Katarina Carroll can’t reform Queensland police all on her own, a reader says. It’s time to rethink who should wear the uniform.

The Guardian - AU

Conflict of interest: have low cash rates created the ‘everything bubble’?

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

Crikey

The world is changing, but don’t tell big business or its media cheerleaders

The changing world is not all that favourable to business. So businesses want governments to prevent workers from using their greater bargaining power.

The Guardian - AU

Afternoon Update: Labor stings RBA governor on wages remark; Friendlyjordies’ home ‘firebombed’; and the world’s oldest meal

RBA governor Philip Lowe says it is ‘best [to] avoid’ pushing wages up even as workers suffer real wage cut due to inflation

Crikey

Philip Lowe’s world of growing volatility — and why you, not those responsible, will pay the price

The Reserve Bank has recognised that the world is becoming more volatile and inflationary — but not how it will respond.

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