Well paid Reserve Bank chief demands we sacrifice
over 1 year in greenleft
Reserve Bank governor Philip Lowe apologised to those who took out home loans on the basis of his promises as late as November last year that he would not raise interest rates until 2024.
But he has made no apology for demanding that wage earners not seek pay rises to compensate for sharply rising prices.
Lowe’s “apology” was made when he appeared before the Senate economics committee on November 28.