Reserve Bank CEO apologises to Australians who took out home loans

Posted 2022-11-28, Sydney Morning Herald Headlines

Photo: AP / Rick Rycroft

Philip Lowe, Reserve Bank CEO, has offered an apology to Australians who took out home loans based on the guidance that interest rates were unlikely to rise until 2024. ...... read full story

Photo: A man wearing a mask, left, rides a personal transporter past the Reserve Bank of Australia in Sydney, Thursday, March 19, 2020. Australia's central bank cut its benchmark interest rate by a quarter of a percentage point to a record low 0.25%, urgently seeking to alleviate economic shocks from the new coronavirus.

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