The Reserve Bank Governor is under fire accused of playing 'recession roulette' with its latest interest rate hike. Philip Lowe endured a public grilling with some experts slamming the board's decision as a slap in the face for mortgage holders. 7NEWS
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RBA head Philip Lowe says house prices were behind decision to raise ratesFollowing the board of the Reserve Bank's decision to raise interest rates, governor Philip Lowe said people need to believe inflation will come down, as fear of constant inflation could only make it worse.
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'He's out of touch': Man who confronted RBA Governor speaks outThe Western Australian man who confronted Governor Philip Lowe has stood by his criticisms of the Reserve Bank, while also taking aim at “very poor government decision making” in the high inflation environment.
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Mortgage pain continues to mount for Australians following RBA’s interest rate riseMortgage pain continues to mount for millions of households after the Reserve Bank's shock interest rate rise. RBA Governor Philip Lowe acknowledged the pain families are currently feeling due to the increase in interest rates but has argued to leave inflation unchecked would only make the situation worse. Economists are warning Mr Lowe could be going too far with the interest rate rises. Two economists say they believe this risks plunging the country into a recession.
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Lowe warns dismal productivity could entrench inflationPhilip Lowe has warned that Australia’s dismal productivity performance will make it harder to bring down inflation and risks sending living standards backwards
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Lowe confronted after rate rise as Chalmers concedes Aussies are ‘under the pump’Treasurer Jim Chalmers said the government would provide “substantial cost of living relief” but avoid adding to inflationary pressures amid another rate rise from the Reserve Bank of Australia.
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Live: Reserve Bank interest rate decision looms as Qantas announces Alan Joyce's successorBanks and financial markets are predicting the RBA will keep the cash rate on hold at 3.6 per cent for another month at today's meeting, with the ASX opening lower. Follow the day's events with our live blog.
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