an easy scapegoat for record interest rate rises
- Written by: Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Reserve Bank Governor Philip Lowe is getting terrible press, most of it undeserved.
“Lowe Blow” and “Take a Hike” were two of the headlines on the front page of one of our newspapers. “We’ve had our Phil” was on the front page of another.
His critics – the ones complaining about continual increases in...