Why RBA's new boss could be 'the borrower's best friend'

This week on The Fin, economics correspondent Michael Read on the changing of the guard at the RBA, whether interest rates have peaked and the number one problem for the economy. Further reading: Inside the downfall of a top central banker Philip Lowe joined the Reserve Bank straight from high school and went on to oversee a period of dramatically shifting economic fortunes. Until his time ran out. Lowe warns rent caps will make the housing shortage even worse Imposing rent controls to ease the housing crisis would make the shortage of homes even worse over the long term, outgoing RBA governor Philip Lowe warned on Friday, saying politicians should resist the push for such short-term solutions. Bullock to steady RBA after ‘regrettable’ Lowe departure Michele Bullock’s appointment as the next governor of the Reserve Bank of Australia was motivated by a need to restore the bank’s public image and reform its structures after the pandemic, while staying the course on monetary policy. See omnystudio.com/listener for privacy information.