Sky News host Chris Kenny says home owners have every right to feel “aggrieved” after the RBA hiked the cash rate to 3.35 per cent.
“I mean, in a quite extraordinary intervention two years ago the Reserve Bank Governor Philip Lowe – he infamously told us that interest rates would remain at their record lows for at least another three years, all the way through till 2024,” Mr Kenny said.
“Of course, inflation has soared since then, and we’ve had nine interest rate increases. Nine. And there’ll still be more before we get to 2024. “Little wonder he’s become a controversial figure, the normal rules about respecting his independence don’t seem to matter anymore.”
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