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Philip Lowe, who on Tuesday raised the cash rate for the 10th month in a row to 3.6 per cent, bought his home in Randwick, in Sydney s east, for $1,075,000 in April 1997.
He s the Reserve Bank boss loathed by millions for his mistaken interest rate predictions, but Phillip Lowe has a little-known rags-to-riches tale - and nearly died twice in one year as Governor.