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Critics line up as Lowe loosens RBA purse strings

John Kehoe

Reserve Bank of Australia governor Philip Lowe has become a surprise lightning rod for criticism as he has overseen the loosest monetary policy in history.

The great experiment of near-zero interest rates and the RBA buying government bonds (in effect printing money) is sharply dividing economic opinion.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5718t