The 'Million Dollar Man', the governor of the Reserve Bank Phil Lowe marched on stage yesterday to the tune of some up beat funky music at the Morgan Stanley summit, where he addressed the assembled suits, from the 'big end of town'. Lowe, told the ten thousand dollar a day crowd that the battlers on Struggle Street are getting it too easy, and if they're not, then they should work extra hours, spend less and take in a lodger or two for some extra dosh. That was after Lowe was a party to jacking interest rates another quarter percent on Tuesday, the 12th rate hike since Lowe pronounced there will be no rate increases before 2024.

The Treasurer Jim Chalmers got it right when he said; "A lot of Australians would find (this rate hike) difficult to cop". Well Jim you know what should be done with a useless banker employed by the taxpayers. I'm sure you have the agreement of the majority of battling Aussies, to point this bloke in the direction of 'Centrelink" ASAP.

point this bloke in the direction of 'Centrelink" ASAP.
Paul1405,
Totally agree !

Come to think of it, he & many of his ilk must be strongly encouraged to share accommodation as he suggested the victims of his incompetent policies should do ! The git's still being there is proof that Govt. is as incompetent as he is !

Indy,

We have something in common, we both want to see this bloke shown the door. When you pay a bloke a million dollars, you pay him that amount not to stuff up, otherwise pay someone 20 grand and expect them to stuff up all the time.

I told you all weeks ago, the reserve bank doesn't want better living conditions and increased wages, it wants everyone working 2 jobs, and living on the poverty line with their parents and on lower wages.

Did I or did I not tell you?

I don't blame the Reserve Bank or it's chairman for inflation- but it's their job to manage interest rates when inflation occurs. I blame Corona lockdowns- that increased logistics costs, supermarket prices, high centrelink costs, locking people without vaccination out of the workforce, etc. The governments created conditions where supply was low and demand was high- more so in Victoria than other states. If airports were ring fenced and spot fires were quickly brought under control- inflation could have been managed better.