This isn’t about improving RBA but an excuse for Chalmers incompetence!
Lowe never said that intersect rate would definitely stay low, it was media sensationalising it, that mortgage holders should berate.
An Economist shouldn’t take into consideration the plight of citizens especially for about a third of society who have mortgage but concentrate on what is best for the country.
So once again, other members of the society have to suffer for the benefits of mortgage holders … also there is no compulsion for banks to adhere to the interest rate set by the RBA.
