The day the Reserve Bank got grilled

<p>Philip Lowe, the governor of the Reserve Bank of Australia, has already had to apologise for his forecast that interest rates were unlikely to rise until 2024.</p><p>He now acknowledges that people may have taken his prediction as an assurance, and as a result they might have bought homes and saddled themselves with debt that’s more expensive than they thought.</p><p>So, the pressure was on Lowe as he made his way to Canberra last week to answer questions about his decision making.</p><p>Today, chief political correspondent for<em> The Saturday Paper</em> Karen Middleton on what Philip Lowe said in Canberra, and whether his job is on the line.</p><p><br /></p><p><strong>Socials: </strong>Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a></p><p><strong>Guest:</strong> Chief political correspondent for <em>The Saturday Paper</em>, Karen Middleton.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>