Philip Lowe has ‘a lot to answer for’ after stating rates unlikely to rise until 2024

Philip Lowe has ‘a lot to answer for’ after stating rates unlikely to rise until 2024

The Australian’s Media Writer Sophie Elsworth says the Reserve Bank Governor Philip Lowe has “a lot to answer for”.

“Australians thought they could enjoy these interest rates that were two, three per cent … all good things come to an end,” Ms Elsworth informed Sky News host Rita Panahi.

“The Reserve Bank Governor has a lot to answer for, because he told Australians he didn’t expect interest rate rises until 2024.”