In the middle of a devastating cost of living crisis, the biggest shake-up of the RBA in decades was announced today, says Sky News host Sharri Markson.
20 minutes ago
“Plus a warning from the RBA Governor that rates may still have to rise next month, and there will be even more Australians out of work,” Ms Markson said. “RBA boss Phil Lowe is fighting to stay in his own job ahead of an Albanese government decision in the next fortnight about whether to replace him.
“In this context, the RBA Governor justified why he’d raised rates so aggressively and why it’s so important to lower inflation.”
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