February 15, 2023
RBA admits printing money caused inflation
RBA Governor admits government's reckless spending caused current inflationary problems Dr. Lowe questioned about unexpected rise in inflation reaching 30-year high Lowe predicts inflation will peak at 4.2% in March '22 One Nation and Lowe differ on extent of government's responsibility for inflation Lowe concedes expansion of money supply, low-interest rates, and government support contributed to inflation Lowe denies RBA created money at government's request but admits response to government's COVID management Reserve Bank board decided to create money, had meetings with government, and faced pressure to print money Lowe's promise of low rates until 2024 may not hold true, causing financial risk for Australians One Nation demands accountability for Australia's deteriorating economy and inflation crisis.
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