an easy scapegoat for record interest rate rises
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
![an easy scapegoat for record interest rate rises](https://images.theconversation.com/files/494030/original/file-20221108-25-jmy02i.png?ixlib=rb-1.1.0&q=45&auto=format&w=237&fit=clip)
Reserve Bank Governor Philip Lowe is getting terrible press, most of it undeserved.
“Lowe Blow” and “Take a Hike[1]” were two of the headlines on the front page of one of our newspapers. “We’ve had our Phil[2]” was on the front page of another.
His critics – the ones complaining about continual increases in interest rates – seemed happy enough when he was keeping them low.