MPs and senators will ask the RBA governor to explain the circumstances around a lunch with bond traders.
from the country’s major banks at a private lunch, which coincided with a sell-off in bond futures contracts.
He will appear before Senate estimates on Wednesday and deliver his semi-annual testimony to the House of Representatives Economics committee on Friday.Jerome Laxale, a Labor MP on the House of Representatives’ economics committee, said Dr Lowe’s lunch was not a good look. With a comprehensive review of the RBA due to report to Treasurer Jim Chalmers by March 31, Ms Spender said she wanted to ask the central bank about its long-run performance, and whether fiscal policy was fuelling inflation.
Garth Hamilton, a Liberal MP and the deputy chairman of the economics committee, said he wanted to understand what the RBA expected from fiscal policy. Mr Laxale said he also planned to press Dr Lowe on the effect of interest rate rises on renters, saying the RBA appeared to have not done enough work on this issue.
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