The sacking of RBA Governor Dr Phillip Lowe is a victory for accountability, but nothing will change for renters and mortgage holders until Labor changes its approach.<\/p>\n\n\n\n
\u201cReplacing one RBA insider with another is business-as-usual, and a clear signal that renters and mortgage holders will keep getting smashed to solve a problem they didn’t cause.<\/p>\n\n\n\n
\u201cCorporate profiteering and spending by the wealthy are the domestic drivers of inflation. <\/p>\n\n\n\n
\u201cLabor needs to tax corporate super profits and wealth. That would be anti-inflationary and reduce the pressure on the RBA to use the only tool it has. <\/p>\n\n\n\n
\u201cThe decision to sack Dr Lowe is vindication for the Greens who have been calling for him to go for some time. <\/p>\n\n\n\n
\u201cDr Lowe made a series of mistakes and poor calls that resulted in renters and mortgage holders getting smashed for inflation they didn\u2019t cause.<\/p>\n\n\n\n
\u201cBut corporate Australia will be heaving a giant sigh of relief today.<\/p>\n\n\n\n
\u201cIt\u2019s clear that interest rate rises will continue to be used as a tool to increase unemployment and suppress wages, and that monetary policy will not be used to address inequality or climate breakdown.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The sacking of RBA Governor Dr Phillip Lowe is a victory for accountability, but nothing will change for renters and mortgage holders until Labor changes its approach. \u201cReplacing one RBA insider with another is business-as-usual, and a clear signal that renters and mortgage holders will keep getting smashed to solve a problem they didn’t cause. … Continue reading “RBA GOVERNOR”<\/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-21916","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\/21916","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=21916"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21916\/revisions"}],"predecessor-version":[{"id":21917,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/21916\/revisions\/21917"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=21916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=21916"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=21916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}