Sky News Political Editor Andrew Clennell says Reserve Bank Governor Philip Lowe finally “apologises” for telling Australians with mortgages in 2020 that interest rates would not rise until 2024.
“This morning, Phil Lowe has also conceded the Reserve Bank during COVID made moves that fuelled inflation,” Mr Clennell said.
But why? He couldn't have predicted the future. But there's a need to be sorry for something.
Sorry just isn't good enough. He should resign or be sacked.
awww thats so gracious of him ... he mislead an entire nation, like Scumo and Hunt and all premiers and doctors and skerrit and the AMA etc... so they just apologise and its all good Fuck no it isnt
Tissue? Those people chose to take out a mortgage. He isn't a financial adviser
Oh so that's it, it's over?
Did someone have a word to him? This smug prick had all the arrogance imaginable 2 minutes ago.
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Reserve Bank governor apologises for interest rate commentsBREAKING: Reserve Bank governor Philip Lowe has apologised to the thousands of Australians who took out mortgages expecting interest rates to stay unchanged until 2024. swrighteconomy swrighteconomy Lol what the fuck swrighteconomy Who could possibly have thought that. Seriously. 🤔 swrighteconomy It was such a dumb shit comment at the time, I locked in a fixed mortgage until then.
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Reserve Bank governor apologises for interest rate commentsLowe said the RBA had failed by not making clear that its commentary about steady interest rates was heavily conditional on the state of the economy. There should be no interest rate movement 2 months before and after Christmas as the figures are flawed by seasonal spending. They say seasonally adjusted but it’s all BS. This guy also needs to realise that interest rates as a tool went out with the turn of the century.
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Reserve Bank governor apologises for interest rate commentsLowe said the RBA had failed by not making clear that its commentary about steady interest rates was heavily conditional on the state of the economy. swrighteconomy Fuck outta here. Corruption at its fullest swrighteconomy In any regular job, you would be fired for such a massive stuff up. But not the RBA Governor apparently. swrighteconomy Quite frankly if you took out a home loan in the past year and now feeling the pinch, I know it’s tough but you need to own your f-up. Poor risk management on your behalf.
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