Prime Minister Anthony Albanese has taken a swipe at Reserve Bank governor Philip Lowe’s pandemic-era promise to keep interest rates low.
Prime Minister Anthony Albanese has taken a swipe at Reserve Bank governor Philip Lowe’s pandemic-era promise to keep interest rates low amid consumer and business anger at its aggressive rate hikes, as a former RBA governor said the most recent increase was a mistake.
“The Reserve Bank, of course, makes these decisions independently of government, as you know. And that’s not the only prediction on interest rates that have not been correct,” he said at an economics conference. “I thought the treasurer was pretty modest. You know, I’ve been more critical myself because I think it’s a mistake.”
Economist Callam Pickering said the Reserve Bank had one job to do and that was to bring down inflation, which it could only do by raising interest rates.“A lot of the discussion around the RBA at the moment is toxic and abusive, and, I think, largely unfair,” he said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The government faces questions over Brittany Higgins' allegations. Here's what we knowPrime Minister Anthony Albanese has defended Finance Minister Katy Gallagher amid allegations she misled parliament.
Read more »
Anthony Albanese faces questions on whether he planned with Brittany Higgins to pursue CoalitionPrime Minister Anthony Albanese faces questions on whether he coordinated with Brittany Higgins over her allegation of rape, which was never proven, and claims of a cover-up by the former government.
Read more »
Anthony Albanese outlines three big changes underway in economyPrime Minister Anthony Albanese has outlined the three major economic changes underway as he maintains Australia is well placed to deal with future global economic challenges.
Read more »
Shadow Foreign Minister slams Albanese government’s embarrassing lack of aid to UkraineShadow Foreign Minister Simon Birmingham says the Coalition government has tried to ensure bipartisanship with the Albanese government when it comes to assistance for Ukraine but the inaction has reached an “embarrassing” point. “It has reached a point where it is frankly embarrassing to see the Ukrainian government having to run public campaigns appealing for more military assistance from Australia,” “The last humanitarian support was under the Morrison government.”
Read more »
Albanese outlines ways to get Australia back on trackPrime Minister Anthony Albanese was the keynote speaker at an event hosted by Sky News and The Australian. In his address, Mr Albanese acknowledged how productivity growth is at record lows and outlined ways to get Australia back on track. “We need to think about ways that technology can empower workers,” Mr Albanese said.
Read more »
Leaked texts between Brittany Higgins and David Sharaz suggest Labor involvementPreviously unseen text messages between Brittany Higgins and her boyfriend David Sharaz show how the pair attempted to gain the support of senior Labor figures as they pursued her rape allegation. The texts, which were revealed by The Australian newspaper, include derogatory remarks about former Prime Minister Scott Morrison and the direct contact Mr Sharaz shared with the then Opposition leader Anthony Albanese. The Prime Minister this week denied any collusion between his office and Ms Higgins while Environment Minister Tanya Plibersek also rejected claims suggesting a coordination of questions in Parliament.
Read more »