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Finance Minister Has “Full Confidence” In RBA Governor Lowe

RBA

Finance minister Gallagher has said to the Senate estimates committee that the government has “full confidence” in RBA governor Lowe. She also reiterated that the central bank is independent when Greens senator McKim urged her to intervene in monetary policy.

  • Gallagher said “I think the Reserve Bank board’s decisions reflect their desire to deal with the inflation challenge, that is a huge issue for everybody, and they have a job to do”.
  • Governor Lowe appears before the Senate Economics Committee at 11.15 AEDT. It can be listened to here.
    - The Australian
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