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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

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’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.

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.

He doesn’t care! Sack him! 😡

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.

Phil Lowe is making sense. Move on

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

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.

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

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.

