At a speech in Sydney, Philip Lowe has said some of his economic explanations ‘missed the mark’ but that media should avoid ‘clickbait’
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Philip Lowe has used his final public comments as governor of the Reserve Bank to defend his more controversial comments, saying while some of his explanations had “missed the mark” the media also had a responsibility to avoid “clickbait”.
“Raising interest rates and tightening policy can make you very unpopular, as I know all too well,” Lowe told a Sydney function on Thursday for the Anika Foundation. “This means that it is easier for an independent central bank to do this than it is for politicians.”
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