Money Magazine

Slaying the inflation dragon

Alex Dunnin OUTLOOK

If the Reserve Bank governor, Philip Lowe, had his time again, he probably wouldn't have made all those public announcements through 2021 and 2022 that interest rates in Australia wouldn't rise until at least 2024. Nor would he have given investment bankers private briefings.

Yet as politically clumsy as Lowe sometimes seems, it's absurd to personally blame him for the highest mortgage interest rates in a decade. But once a pile-on starts, it's hard to stop,

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