Paul Keating says Philip Lowe and his Reserve Bank of Australia colleagues are “high priests of the incremental” whose “comport and attitude” are like those of a god. “The only difference between the deity and those to be governed is that the governor and his deputies do not wear clerical collars and black suits.”
Ouch. The former prime minister, who as treasurer owned Australia’s last recession three decades ago, directed a withering broadside at the central bank for its handling of this one, accusing it of being too slow and indecisive.
Loading...
Rohan helps runs that national reporting team from Sydney. He was the Financial Review's inaugural newsletter editor and has been a home page editor and desk editor. He is a former foreign correspondent and Asia editor. Connect with Rohan on Twitter. Email Rohan at rohan.sullivan@afr.com
