Lowe Slams Government Spending

Former RBA chief slams Labor over major Budget surplus fail

Philip Lowe, who was Reserve Bank governor during COVID, has slammed Labor’s Budget management, arguing that it is leading to higher interest rates and inflation.

Lowe says Labor should be running surpluses to take heat off inflation

The former RBA governor said the relationship between the Albanese government and the central bank became “strained” as interest rates rose after the pandemic.

Lowe slams government spending

Former RBA governor Philip Lowe has slammed government spending, public policy and overregulation revealing his thoughts on the current state of the economy.