SYDNEY - The head of Australia's central bank suffered an early end to his 43-year career on Friday as past missteps in pandemic policy so tested public trust in the institution that the government felt compelled to drop him. If there's a moral to the tale of Reserve Bank of Australia (RBA) Governor Philip Lowe it's that when it comes to policy stimulus, no matter how well meaning, it is possible to do too much. Lowe's dedication to the bank is not in doubt, having joined straight from school in 1980. Armed with a doctorate from MIT, he steadily climbed the ranks to deputy governor in 2012 and the top job four years later. Whip-smart and soft spoken, Lowe was determined to u...
Keep on reading: Australia’s central bank loses chief to public ire over rates
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Keep on reading: Australia’s central bank loses chief to public ire over rates
from INQUIRER.net https://ift.tt/JyA6fHV
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