Philip Lowe, the governor of the Reserve Bank of Australia, has already had to apologise for his forecast that interest rates were unlikely to rise until 2024.

He now acknowledges that people may have taken his prediction as an assurance, and as a result they might have bought homes and saddled themselves with debt that’s more expensive than they thought.

So, the pressure was on Lowe as he made his way to Canberra last week to answer questions about his decision making.

Today, chief political correspondent for The Saturday Paper Karen Middleton on what Philip Lowe said in Canberra, and whether his job is on the line.




Socials: Stay in touch with us on Twitter and Instagram

Guest: Chief political correspondent for The Saturday Paper, Karen Middleton.

Philip Lowe, the governor of the Reserve Bank of Australia, has already had to apologise for his forecast that interest rates were unlikely to rise until 2024.He now acknowledges that people may have taken his prediction as an assurance, and as a result they might have bought homes and saddled themselves with debt that’s more expensive than they thought.So, the pressure was on Lowe as he made his way to Canberra last week to answer questions about his decision making.Today, chief political correspondent for The Saturday Paper Karen Middleton on what Philip Lowe said in Canberra, and whether his job is on the line. Socials: Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a>Guest: Chief political correspondent for The Saturday Paper, Karen Middleton.

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

Advertisement