Lowe Stamps Asset-Bubble Policy on RBA After 25 Years in WaitingBy
New governor presses signature issue at parliamentary hearing
Lowe gives three hours of testimony in his first week on job
For a quarter-century, Philip Lowe and a small band of like-minded peers pressed the need to manage credit growth and asset prices, sometimes to incredulous colleagues. Now, as Reserve Bank of Australia’s new governor, his theory has more sway.
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