in ,

Is it time to fire Philip Lowe?

#rba #auspol #heisesays
People are angry.

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28 Comments

  1. Did anyone else in this forum study economics at school? One of the functions of monetary policy is to manipulate the value of our currency. And when you have debt levels, like Australia now does, it is critically important to maintain the value of the currency.
    Everyone bangs on about the inflation rate and mortgage repayments and not a single person has stopped to think beyond that.
    And everyone is hopping on board, bagging out Phillip Lowe and the RBA and no one seems to have any idea what the RBA's jobs are.

  2. Philip Lowe did not set the policies of low wages for the last decade. He was ignored in the years where he urged the LNP government to take measures to increase wages. He was the goalie in a reckless LNP soccer team that let the economic conditions put us in the circumstances we now find ourselves in.

  3. Mate you are right people just listened to the media they have no idea how the real world works and the politicians talk rubbish as a currency trader I can assure you when the FED speaks all the reserve banks in the world take note and have to comply,even the bank of China the RBA had no choice but to raise rates, our dollar would collapse and everyone would be paying a fortune for everything as we import everything do you want 40 cents to the dollar and pay
    $3 per litre fuel
    People are stupid šŸ˜‚

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