Tuesday, 6 September 2022

Lowe should go

 The RBA, as expected, raised official cash rates by 50 basis points.

There have been calls for Lowe to resign and I think he should.

Three reasons.

  1. his reputation is shot to bits
  2. his promise of not raising rates until 2024 was really really stupid
  3. he was far to slow in getting the cash rates back to neutral

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