Philip Lowe should resign as Governor of the Reserve Bank for misleading Australians about interest rate rises, the Greens say.<\/p>\n\n\n\n
\u201cDr Lowe induced hundreds of thousands of Australians into taking out massive mortgages by effectively saying that interest rates would not rise until 2024,\u201d Greens Treasury and Economic Justice spokesperson Senator Nick McKim said.<\/p>\n\n\n\n
\u201cHaving failed to keep that commitment, he should now resign.\u201d <\/p>\n\n\n\n
\u201cThe preconditions that Philip Lowe set for increasing rates have not been met.\u201d<\/p>\n\n\n\n
\u201cAustralians are in a cost of living crisis that is being driven by global supply problems and corporate profiteering, not wages.\u201d<\/p>\n\n\n\n
\u201cToday\u2019s rate increases will not clear supply chains or bring down energy prices, but it will smash small business, mortgage holders and renters who are not responsible for the problem.\u201d<\/p>\n\n\n\n
\u201cAnd instead of highlighting record high corporate profits, Philip Lowe has called for workers to shoulder the load and brace for further cuts to real wages.\u201d<\/p>\n\n\n\n
\u201cThe RBA Governor should not be jawboning down wages.\u201d<\/p>\n\n\n\n
\u201cPhilip Lowe has been captured by corporate interests.\u201d<\/p>\n\n\n\n
\u201cThe RBA themselves have said that inflationary pressures may be transitory.\u201d<\/p>\n\n\n\n
\u201cConsumer sentiment is very low.\u201d<\/p>\n\n\n\n
\u201cPeople are already walking on eggshells.\u201d<\/p>\n\n\n\n
\u201cThey don\u2019t need to be hit with a sledgehammer.\u201d<\/p>\n\n\n\n
\u201cThere is no need for the RBA to blindly follow the US Federal Reserve.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Philip Lowe should resign as Governor of the Reserve Bank for misleading Australians about interest rate rises, the Greens say. \u201cDr Lowe induced hundreds of thousands of Australians into taking out massive mortgages by effectively saying that interest rates would not rise until 2024,\u201d Greens Treasury and Economic Justice spokesperson Senator Nick McKim said. \u201cHaving … Continue reading “Greens: It’s time for Lowe to go”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-18108","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/18108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=18108"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/18108\/revisions"}],"predecessor-version":[{"id":18109,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/18108\/revisions\/18109"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=18108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=18108"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=18108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}