Rates up, pump pain, housing headache: It’s time for a shakeup at the RBA | Central Western Daily editorial, August 7 | Central Western Daily

The reason so many people have been caught off guard is that, by its own admission, the RBA board pursued an unconventional Australian Government bond yield target, stuck with it for too long and, despite red flags, allowed its governor, Philip Lowe, to continue reassuring punters interest rates were not going to rise until late 2023 at the earliest or in 2024.

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