Financial Standard Comments - We did too much: Lowe Fronting another parliamentary hearing today, Reserve Bank of Australia (RBA) governor Philip Lowe acknowledged the central bank incorrectly predicted rates wouldn't rise until 2024, admitting he's embarrassed. https://www.financialstandard.com.au/feed/latest?story=179798503 Fri, 17 Feb 2023 14:17:18 +1100 Fri, 17 Feb 2023 14:17:18 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Alan McCurry (CSCG)

Good intentions do not justify gross incompetence. Lowe is 'supposed' to a leader & the buck stops with him. That's why he gets the public funded big bucks

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]]> Alan McCurry (CSCG) Fri, 17 Feb 2023 14:17:18 +1100 Comment by Jack Wellings (Wellinvest)

Nothing less than incompetence, based on guesswork. That's not what they are paid for. Damage and heartbreak now being suffered by virtually every Australian is not what they are supposed to produce. In the commercial world, this would lead to a mega class action.

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]]> Jack Wellings (Wellinvest) Fri, 17 Feb 2023 16:08:36 +1100