Reserve Bank Governor Dr Philip Lowe has issued dire warnings and unusually frank policy advice as he faces the prospect of losing his job within days.
Sky News Australia can reveal Reserve Bank Governor Dr Philip Lowe enjoyed an extraordinary mortgage perk on top of his generous salary – which is now more than $1 million a year.
Reserve Bank Governor Dr Philip Lowe is tipped to lift the cash rate by another 0.25 percentage points on Tuesday, bringing it to a ten-year high of 3.1 per cent.
Sparking new barbecue conversations, the Reserve Bank has warned the magnitude and timing of interest rate rises brings with it property market uncertainty.