RBEZFKA Governor Phil Lowe has stated that he is not phased by growing inflation, as the cost of goods and services continue to climb.
After inflation jumped 2% for the first time in six years, the governor said he wasn’t concerned in the slightest as ‘only poorer Australians and not property owners’ will be affected.
“People should not be worried too much. I’ll just hit the print button again if need be, who gives a fuck?” Lowe said.
“It’s only a matter of time before negative rates become a reality anyway, so all this fear porn is a waste of time.”
The RBA is expected to be making an announcement on central bank digital currencies in the next few days.