Outgoing Reserve Bank boss Philip Lowe has marked the end of his 43-year career by reflecting on the day he nearly died. Governor Lowe found himself in intensive care with a blood clot in 2016 – just hours after being appointed to the top job. But he promised he’s finished the gig “reasonably fit and healthy” as he handed over a symbolic “half-full” mug to his successor Michele Bullock. Lowe had quite a few nuggets in his last speech… He called for less “vitriol and clickbait” in public debate; he reckons the government provided “too much” support during the pandemic; and wants our pollies to do more to help the Reserve Bank tackle inflation. Lowe also reflected on his “term-defining” remark that interest rates wouldn’t rise until 2024, saying “hindsight is a wonderful thing”. He officially turns on the OOO message on 17 September.
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