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The Latest Breaking News from Philip Lowe

Interest rates rise to decade high as RBA delivers Christmas pain

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

The New Daily

Former treasurer Peter Costello criticises both Labor and Coalition over their economic management

The former Liberal treasurer has some harsh words for governments past and present.

ABC News

Inflation may now have peaked. The RBA must tread carefully

The next worry for Philip Lowe is he’ll have to apologise for raising interest rates longer than needed

The Guardian - AU

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Michael Pascoe: The Pope’s a Catholic and forecasting is a mug’s game

The RBA had done all that could be done with monetary policy to fight the possibility of recession/depression from a global pandemic

The New Daily

Philip Lowe is the easy fall guy for our economic woes. But maybe we should have listened to him more closely

Reserve Bank governor has been criticised for saying interest rates might not rise until 2024. But that message came with caveats some did not hear

The Guardian - AU

Afternoon Update: Landmark gender equality bill; Nationals oppose Indigenous voice; and Bob Dylan’s ‘fake’ signature

Labor passes its Respect@Work bill to address workplace culture and is set to pass the industrial relations bill after David Pocock gave his support

The Guardian - AU

Rents, energy driving inflation: RBA chief apologises to mortgage-holders

Amidst Australia's inflation crisis, the head of the RBA is urging action to boost power and housing supply.

The New Daily

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RBA Governor Philip Lowe apologises to Australians struggling with mortgages

Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024.

ABC News

RBA governor 'sorry if people listened' to interest rate advice

"I'm certainly sorry if people listened to what we said and they acted on what we had said and now regret what they had done. So that's regrettable. I'm sorry that happened."

Newcastle Herald

Rents, energy driving inflation: RBA chief

The head of the Reserve Bank Philip Lowe has thrown his support behind measures to boost energy and housing supply to cool inflation.

AAP

RBA governor 'sorry people listened' to interest rate advice

Greens senator Nick McKim accused the governor of "inducing many Australians to take out mortgages in the belief that interest rates wouldn't rise until 2024".

The Canberra Times

Conflict of interest: have low cash rates created the ‘everything bubble’?

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

The Guardian - AU

Afternoon Update: Labor stings RBA governor on wages remark; Friendlyjordies’ home ‘firebombed’; and the world’s oldest meal

RBA governor Philip Lowe says it is ‘best [to] avoid’ pushing wages up even as workers suffer real wage cut due to inflation

The Guardian - AU

Bridget Archer flags crossing the floor again on national integrity commission – as it happened

This blog is now closed

The Guardian - AU

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The Guardian - AU

Morning Mail: Australia’s exciting start to World Cup, scientists’ climate warning, problems at The Project

In today’s newsletter: the Socceroos score an early goal against France; Australia faces hotter, wetter climate; and Ten show exodus continues

The New Daily

Michael Pascoe: Interest rates won’t work like they used to

The RBA board should be thinking very, very seriously about before lifting interest rates again, Michael Pascoe writes.

The Guardian - AU

Global shocks likely to drive more frequent interest rate changes, RBA says

Central banks will need to adjust rates more often to respond to unpredictable levels of inflation, Philip Lowe says

ABC News

RBA governor Philip Lowe warns Australians to brace for higher inflation, lower growth

The Reserve Bank governor warns the global economic conditions that helped central banks keep inflation low and stable are reversing, making for more economically volatile times, and potentially higher interest rates ahead.

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AAP

RBA leaves 50bp rate hike on the table

The Reserve Bank is prepared to do whatever is necessary to ensure the spike in inflation is only temporary and doesn't linger.

AAP

Reserve Bank December rate rise on course

The central bank governor will give a major speech this week and could signal a pause in interest rate hikes is no longer on the table for this year.

The Conversation

In defence of RBA Governor Philip Lowe: an easy scapegoat for record interest rate rises

Reserve Bank Governor Philip Lowe is getting terrible press, most of it undeserved.

The New Daily

‘Wouldn’t want to trade’: Why Australia’s inflation battle pales in comparison to global woes

Times are tough in Australia right now, but Reserve Bank boss Philip Lowe doesn’t think you’d want to be anywhere else.

The New Daily

Alan Kohler: Economists disagree on where interest rates are heading – shock

It’s hard to recall a time when the interest rate forecasts of economists were as widely, and wildly, different as they are now.

The Guardian - AU

Crowds gather for national Cassius Turvey vigils – as it happened

This blog is now closed

The Guardian - AU

Morning Mail: RBA rate warning, thousands miss power bill rebates, four-day work week trial

In today’s newsletter: more than a third of households could be losing out on crucial cost-of-living relief; Unilever staff to trial shorter week; and why the BMI index might be bad for you

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