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There is a growing expectations that RBA Governor Philip Lowe won't stick around

There is a growing expectations that RBA Governor Philip Lowe won't stick around

The RBA is floundering around on monetary policy at the worst-possible time for Governor Philip Lowe. This week's hike and shift to a more-hawkish stance caught the market off-guard.

It also underscored that the RBA was slower to act than it could have been and that will prolong the pain of higher rates. Talk of an impending recession is also high in Australia, putting pressure on politicians to find a scapegoat.

Lowe's term is set to end on Sept 17 but the government would need t... Read More

Posted: Feb 9 2023, 19:01
Author Name: forexlive
Views: 112226

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