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Evidence is mounting that the past 12 rate rises are starting to squeeze the economy. The tricky question for the new Guv must be: “Is this the start of something really bad?"
When my colleagues on Ben Fordham’s 2GB breakfast show asked me to comment on Phil Lowe’s spray at the Labor politicians who just took away his job, I couldn’t help thinking: “How low could he go?”
The new governor will be a “dovish hawk”. Not hiking unnecessarily but committed to bringing down inflation even if that means a short downturn.
If you’ve followed the news cycle, you’d know that Michele Bullock is the new RBA governor, but what does that even mean?
Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank of Australia more outward-looking as its next governor