<p>Reserve Bank of Australia Governor Lowe is appearing before an Australian parliamentary committee. </p><p>He is making garbled remarks … this:</p><ul><li>there is a risk the bank has tightened policy too much</li><li>risk is that they have tightened enough, which means higher inflation</li><li>risk is they haven't tightened enough</li><li>"We don't have a perfectly clear crystal ball"</li></ul><p>Not taking responsibility for policy missteps:</p><ul><li>says it's not just "his" job to contain inflation, it's the job of the 9 member board, and the entire staff of the RBA</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
