News about Rob Mitchell

After increasing interest rates for the ninth time in fewer than a year, Philip Lowe's tenure as governor of the Reserve Bank of Australia appears to be more strained. During an interview over the weekend, Treasury Minister Jim Chalmers stopped short of endorsing Lowe in the role, while four Labour MPs took the unusual measure of publicly questioning whether his deal should be renewed after it comes to an end in September. Lowe's heat will rise even more this week as two parliamentary panels debate him, the same forum in which he apologised to Australians who took out mortgages based on the RBA's wrong advice rates.