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"It's tough I know": RBA Governor Philip Lowe was asked how should mortgage holders and renters feel about major banks seeing "mega profits" amid continuing increase rate rises. Read more here:

142,770 görüntüleme • 3 yıl önce •via X (Twitter)

10 Yorum

Matthew profil fotoğrafı
Matthew3 yıl önce

Inflation is a major problem, sure, but he is not answering the demand question. 80% of inflation is being driven by supply issues, not domestic demand. Hiking RBA cash rate does nothing to solve that. RBA knows this too. 9 Board members know this too.

California Insider Show profil fotoğrafı
California Insider Show1 yıl önce

California’s housing market defies expectations. Real estate expert Matt McCormick discusses the current trends shaping home prices and what it all means for families trying to find or keep a home. Watch this must-see episode of California Insider.

Brett Wood ⚫️🟡🔴 profil fotoğrafı
Brett Wood ⚫️🟡🔴3 yıl önce

It’s time for a change. Change at the RBA and a change in how we tackle inflation. Smashing home owners is not solving the current issue. Petrol, power and food costs have escalated due to external factors not reckless spending by homeowners. Lowe is out of touch.

Andrea I’m staying alive for now profil fotoğrafı
Andrea I’m staying alive for now3 yıl önce

He doesn’t care! Sack him! 😡

Decart 🇺🇦 profil fotoğrafı
Decart 🇺🇦3 yıl önce

If the RBA raises the cash rate and the banks simply pass that on to borrowers there should be no additional profit rise as a result surely? Something doesn't add up.

🫵🏼Get a Life🫵🏼 profil fotoğrafı
🫵🏼Get a Life🫵🏼3 yıl önce

Phil Lowe is making sense. Move on

Jane Taylor profil fotoğrafı
Jane Taylor3 yıl önce

Mortgage increase is the way the global elite siphon the savings of the middle class to the global elite. They increase the mortgage rate which means borrowers use up their savings but rarely pass on the same interest rate rise to savings accounts

End poverty by policy profil fotoğrafı
End poverty by policy3 yıl önce

No, he doesn’t know! And his jovial demeanour throughout was abhorrent. The most disadvanataged people in Australia are struggling to stay housed and fed. We are paying a disproportionately high price for interest rate rises and inflation.

TREVOR profil fotoğrafı
TREVOR3 yıl önce

The RBA knows Inflation is coming from the Corporate push on prices…..but lets keep pushing the lie anyway…..

Col G profil fotoğrafı
Col G3 yıl önce

I know most people won't agree, but they (the home owners) borrowed the money. They borrowed too much and never considered the consequences if interest rates rose, which they always were going to do.

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“They (the bureaucrats) are doing things that aren’t in the country’s best interests - we are rewarding offshore ownership instead of rewarding onshore ownership.” No bureaucracy has rewarded offshore ownership more than the RBA which has outsourced control of credit to foreign banks. This along with reckless government spending has caused inflation to spike. So it’s ironic watching RBA staff complain about inflation in regard to their own pay rises which is well above average to begin with. 👇 Surely the RBA executives at least, should have their wages inversely linked to inflation to encourage them to lower it. ••••••••••••••• “Reserve Bank staff have rejected a proposed 9.5 per cent pay rise, sending governor Michele Bullock back to the bargaining table as she urges wage restraint across the economy and grapples with mounting cost pressures at the central bank. The union is demanding the RBA enshrine work-from-home rights in the central bank’s enterprise bargaining agreement. It has also called for a 12.5 per cent pay increase over three years, and an inflation-protection mechanism that would have triggered additional pay rises if prices rose faster than wages. FSU national secretary Julia Angrisano said RBA employees had sent a resounding message that they would not accept an agreement that left their wages falling “dangerously behind” inflation or comparable employers.”

Gerard Rennick

13,907 görüntüleme • 2 ay önce