The Albanese Government is pondering the future of Philip Lowe and is weighing up the pros and cons of appointing him to another five-year term as Governor of the Reserve Bank of Australia. As the time draws close for a decision The Bug took to the street outside the RBA’s Sydney headquarters to test public opinion on his record.
Phil Ipploe – 61, possibly soon-to-retire bank teller of Coogee
“I think he’s done a fantastic job with housing interest rates considering what he’s had to work with. I mean he’s got limited tools. He can put rates up or down or keep them as they are. A trained monkey could make the same choice each month and probably get it right.”
Lois Phillip – 61, housewife of Parramatta
“It’s not his fault that the entire housing market’s totally fucked. People have gone out and willingly borrowed too much for years to buy or build huge houses with everything that opens and shuts and now they yike when rates go up. Selfish bastards. And existing mortgage-free home owners sit on their fat arses and gloat that the value of their own Mc-fucking-mansion is going through the solar-panel-clad roof . Selfish bastards.”
Fi Lip Loh – 61, abacus maker of Haymarket
“When the government makes its decision on this brilliant, visionary, and very brainy man currently leading the nation’s central bank it should remember that there’s an old Chinese saying. That’s me, and I’m saying he should get another five-year term.”
Phillipa Low – 61, professional talkback caller, Liverpool
“Nobody gave him credit for the record low interest rates that everyone enjoyed a few years back. Probably because he and the RBA had nothing to do with them. The truth is nobody runs the economy, otherwise why would we be in the deep shit we’re in right now?”
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