Biggest Shakeup’ of RBA Announced in the Middle of ‘Devastating’ Cost of Living Crisis
By Sky News Australia
In the middle of a devastating cost of living crisis, the biggest shake-up of the RBA in decades was announced today, says Sky News host Sharri Markson.
“Plus a warning from the RBA Governor that rates may still have to rise next month, and there will be even more Australians out of work,” Ms Markson said.
“RBA boss Phil Lowe is fighting to stay in his own job ahead of an Albanese government decision in the next fortnight about whether to replace him.
“In this context, the RBA Governor justified why he’d raised rates so aggressively and why it’s so important to lower inflation.”
Here’s what others had to say:
@peterburke8650
The labor government is going to sort the reserve bank… what a joke.
@gmrministries
Man this government is so currupt. Getting rid of a man that held them to accountability.
@economywatch
This is troubling, Gold and Silver is the way to go right now for sure.
@MrJasperspool
The Pricing Factors are looking after the Central Bankers Profits first and foremost.
@williamcrossan9333
So, we have this strange narrative these days, that RBA rates shouldn’t be above zero?
Rates are not particularly unparalleled as far as historical rates go.
In fact, many would argue they are at normal settings.
@williamcrossan9333
So Chalmers is approaching this in a methodical and measured way.
It’s interesting, how Labor pretty much speaks like the Liberals these days.
@FARDEEN.MUSTAFA
The Prime Minister’s cost of living was funny and painful. With due respect, the RBA Governor is not independent. It’s not called Independence. It’s called modern dictatorship which is very complicated. Independence is beautiful. Do you want me to write more deeper like Ocean about current system?
@speedymccreedy8785
Reserve Bank to now look into global warming issues, plunged to the very depths of politicisation. Hello Pope Al Goose Gore of the Global Warming Religion, this is the RBA, we desperately want to know when your much touted 30 foot sea level rises will occur, will you be able to leave your beachfront property in time.
@lollypop2413
No Albo! While you give our money overseas you happily jack rates up as unemployment rises….people will lose their homes! Pity we cant sack you now
