The outgoing Reserve Bank of Australia Governor is set to be interrogated in parliament on the recent 12 cash rate rises and will be asked to reflect on his time in the role at a parliamentary hearing.
He along with incoming boss Michelle Bullock and other senior officials will front the House of Representatives Standing Committee on Economics on Friday.
Outgoing Reserve Bank of Australia Governor Philip Lowe will face one final grilling at the House of Representatives Standing Committee on Economics on Friday. Picture: NCA NewsWire "Although inflation is declining, it remains a key challenge to Australia's economy and household budgets are still feeling the pressure."
But the meeting won't be all about the negatives, members are also expected to allow Dr Lowe to reflect on his seven-year tenure in the position.Michelle Bullock will also be at the meeting and will take over from at the central bank's new boss in mid September. Picture: NCA NewsWire / Martin Ollman
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