Australians have been ‘belted’ by interest rate rises
almost 2 years in news
Sky News host Andrew Bolt says RBA Governor Philip Lowe “exposed and embarrassed” the Albanese government with the consistent interest rate rises.
“People have been demanding Philip Lowe’s resignation, both on the left – the Greens – and on the right – Nationals Senator Matt Canavan,” he said.
“They and many Australians are furious that this bloke said last year he reckoned interest rates would stay at record low levels until 2024.”
Mr Bolt said this promise led to Australians buying homes and taking out mortgages believing the rates would not rise until then but have been “belted by five big rises in the last five months” and more to come.
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