The Wire

Governor of the Reserve Bank of Australia, Phillip Lowe, appeared before a senate committee wherein he was grilled on cash rate increases and his conduct over the past months.

Governor Lowe stood by his interest rate increases, but relented to his misconduct at the Barrenjoey Lunch affair, vowing to communicate big decisions publicly.

This hearing is coming at the end of his 7 year term, casting dark shadows on the prospect of a second term.