If politicians who are agitated by the Reserve Bank of Australia’s interest rate rises are hoping that a change of governor will fix the economy’s challenges, they are kidding themselves.
No matter who is governor now, he or she would be raising interest rates – probably at least as aggressively as Philip Lowe, who has lifted the cash rate by less than comparable central banks overseas.
Loading...
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
