Why Reserve Bank Governor Philip Lowe wants to damage the economy further
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.
Home prices have been climbing for three straight months – in March, April and May – instead of continuing to fall as they had been since the Reserve...
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