Philip Lowe’s nine rate hikes in less than a year have increased the cost of mortgages for Australians, with repayments typically $12,000 higher than in May 2022. Treasurer Jim Chalmers did not endorse Lowe’s job and four Labor MPs questioned his contract renewal. This week Lowe will appear before two parliamentary committees to answer questions about his failed forecasts.
<!-- wp:html --><p>Philip Lowe’s nine rate hikes in less than a year have increased the cost of mortgages for Australians, with repayments typically $12,000 higher than in May 2022. Treasurer Jim Chalmers did not endorse Lowe’s job and four Labor MPs questioned his contract renewal. This week Lowe will appear before two parliamentary committees to answer questions about his failed forecasts.</p><!-- /wp:html -->