Reserve Bank governor Michelle Bullock is called out for cold-hearted comments by Jason Clare
Daily MailAustralia's top banker has been slammed by a senior Labor minister for suggesting borrowers may have to 'sell their homes' to cope with aggressive rate hikes. Reserve Bank Governor Michele Bullock has been slammed after warning households may have to 'sell their homes' due to rising interest rates Education Minister Jason Clare criticised the comments, stating, 'I don't want anyone to have to sell their homes. The Albanese government has rejigged the stage three tax cuts to help lower and middle-income earners, despite inflation remaining well above the Reserve Bank's 2 to 3 per cent target. Ms Bullock, however, has ruled out any rate cuts before Christmas, despite a 68 per cent surge in monthly variable mortgage repayments since 2022. Headline inflation hit 3.8 per cent in June with the Reserve Bank not expecting underlying inflation to fall within its 2 to 3 per cent target until the end of 2025.
History of this topic
RBA says February rate cut not guaranteed even if inflation figures rosy
ABCRBA governor Michele Bullock gives blunt spending warning to Treasurer Jim Chalmers as election nears
ABC
Major bank makes big call on interest rates - here's when home borrowers can expect some relief
Daily Mail
Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words
Daily MailMore people are seeking help as Australia's economy slows down, RBA governor acknowledges
ABC
Reserve Bank chief slammed for suggesting Aussies getting haircuts are to blame for inflation
Daily Mail
Michele Bullock: The one glaring word missing from Reserve Bank boss' speech as she says inflation crisis is 'homegrown' - and issues a grim warning about interest rates to Australians
Daily MailMichele Bullock says RBA 'will not hesitate' to increase rates if inflation takes longer than expected to return to target
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