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RBA Governor Philip Lowe is running out of ‘all credibility’

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RBA Governor Phillip Lowe is running out of “all credibility” in public, says Former Labor Senator Stephen Conroy.

“If you watched his testimony over the last few days he has got a new reason today as to why inflation is going up,” Mr Conroy told Sky News Australia.

“He spent a year saying it’s this wage price spiral … prices are chasing wages, wages chasing prices – no, none of that anymore, now it’s the housing shortage, something that’s been perfectly obvious for 25 years.”

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