Prime Minister Anthony Albanese has taken a sly swipe at Reserve Bank Governor Philip Lowe during an interview at Australia's 2023 Economic Outlook forum.
, the Prime Minister was asked why the federal budget predicted the cash rate to remain at 3.85 per cent.after the Reserve Bank of Australia raised it by 25 basis points in June. Prime Minister Anthony Albanese has taken a sly swipe at RBA Governor Philip Lowe over his past"incorrect" interest rate rise predictions. Picture: Sky News Australia.
“The Reserve Bank of course makes these decisions independently of government as you know, and that’s not the only prediction on interest rates that have not been correct," Mr Albanese said with a grin.
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