RBA Interest Rates to plummet early 2024, page-5

Sector, I don't feel too bad on my 2022-2023 call on interest rates when even the smartest reserve bank man in the Country also got hos call wrong.

Reserve Bank of Australia governor Philip Lowe has admitted some mistakes.

Yep I'm feeling much better now Bugger I can no longer call myself GOD lol Even the smartest economic brain in the country mad the same mistake.





Governor Philip Lowe has conceded the obvious lesson that using a crystal ball to prognosticate on interest rates beyond the immediate future was a bad idea and is unlikely to be resorted to again.

The mea culpa over the self-described “considerable reputational damage” suffered from the Reserve Bank of Australia’s mistaken 2024 interest rate rise guidance will be of little comfort to the millions of variable rate borrowers who have experienced an almost 3 percentage point increase in their mortgage rates since May and are bracing for further increases.



>>>>>>> Tongue In Cheek <<<<<<<