has racked up over 300,000 views for one of his videos where he pleads with Lowe to stop raising rates.Dionne Gain
Next, there is a feeling of betrayal among those who managed to buy a house in the past couple of years, taking Lowe at his word that the RBA wouldn’t lift rates until 2024, only to be stung by the most rapid rises in years.
Everyone should be furious not just the young
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Young Australians are furious at the Reserve Bank. They have every right to beLocked in to a home loan they can’t afford or locked out of buying a house altogether, young people are taking aim at Reserve Bank governor Philip Lowe. | OPINION by Osman Faruqi The same people who supported lockdowns and the record money printing and borrowing required to support said lockdowns now cry poor as interest rates rise? Forgive my lack of sympathy. The RBA is doing it’s job. Almost 5 months since winning govt Labor has, literally, done nothing to address soaring inflation & runaway interest rates. With inflation heading towards 8%, interest rates must go up… certainly from their low emergency levels. 2.6% is bugger all. they only have the right to be furious at Lowe due to his comments about no increase until 2024
Source: theage - 🏆 8. / 77 Read more »
As interest rates soar, TikTokers go LoweLocked in to a home loan they can’t afford or locked out of buying a house altogether, young people are taking aim at Reserve Bank governor Philip Lowe. Young first home buyers are furious at Lowe / RBA. We trusted his Future Liedance & we have been burnt badly with our mortgage repayments rising by $000s per month. Even worse, we are bearing all responsibility for taming inflation as Labor gives record handouts to everyone else. oz_f makes a great attempt at encouraging young people to see themselves as victims but missed the perfect opportunity to blame racism and to identify Lowe’s role in the current war on hip hop The RBA is doing it’s job. Almost 5 months since winning govt Labor has, literally, done nothing to address soaring inflation & runaway interest rates. With inflation heading towards 8%, interest rates must go up… certainly from their low emergency levels. 2.6% is bugger all.
Source: smh - 🏆 6. / 80 Read more »
Lebanese politician storms bank, demanding trapped savings to pay for surgeryCash-strapped Lebanon has in recent weeks witnessed a surge in depositors storming bank branches to forcefully withdraw their locked savings, with Beirut MP Cynthia Zarazir becoming the latest.
Source: abcnews - 🏆 5. / 83 Read more »
Young Australians are furious at the Reserve Bank. They have every right to beLocked in to a home loan they can’t afford or locked out of buying a house altogether, young people are taking aim at Reserve Bank governor Philip Lowe. | OPINION by Osman Faruqi The same people who supported lockdowns and the record money printing and borrowing required to support said lockdowns now cry poor as interest rates rise? Forgive my lack of sympathy. The RBA is doing it’s job. Almost 5 months since winning govt Labor has, literally, done nothing to address soaring inflation & runaway interest rates. With inflation heading towards 8%, interest rates must go up… certainly from their low emergency levels. 2.6% is bugger all. they only have the right to be furious at Lowe due to his comments about no increase until 2024
Source: theage - 🏆 8. / 77 Read more »
Why the RBA’s Phil Lowe has split from his central banking peersOPINION: Australian borrowers are more sensitive to rate rises than their US counterparts, which is why the Reserve Bank can take a different path to other central banks.
Source: FinancialReview - 🏆 2. / 90 Read more »
As interest rates soar, TikTokers go LoweLocked in to a home loan they can’t afford or locked out of buying a house altogether, young people are taking aim at Reserve Bank governor Philip Lowe. Young first home buyers are furious at Lowe / RBA. We trusted his Future Liedance & we have been burnt badly with our mortgage repayments rising by $000s per month. Even worse, we are bearing all responsibility for taming inflation as Labor gives record handouts to everyone else. oz_f makes a great attempt at encouraging young people to see themselves as victims but missed the perfect opportunity to blame racism and to identify Lowe’s role in the current war on hip hop The RBA is doing it’s job. Almost 5 months since winning govt Labor has, literally, done nothing to address soaring inflation & runaway interest rates. With inflation heading towards 8%, interest rates must go up… certainly from their low emergency levels. 2.6% is bugger all.
Source: smh - 🏆 6. / 80 Read more »