Senate Economics Legislation Committee

The central bank says it’s the level of cash rate — not the speed it’s achieved — that matters, Australian senators have heard.

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done.”

RBA governor Mr Philip Lowe has defended the central bank’s tactics to ‘navigate the narrow path’, a senate committee has heard.

The central bank’s tactics to combat inflation have been intensely questioned as the Senate economics legislation committee digs in.