We did too much: LoweBY CASSANDRA BALDINI | FRIDAY, 17 FEB 2023 12:07PMFronting 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. Related News |
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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
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.