Lowe's dedication to the bank is not in doubt, having joined straight from school in 1980.
The first mainly impacted markets while the second, and more fateful, soured sentiment with the public and politicians.
A later review found the event had caused the bank "reputational damage" and the policy was unlikely to be used again.
Lowe's mistake in 2021 was to be too specific on timing by repeatedly saying rates were unlikely to rise until 2024.
With prices rising rapidly, Lowe was forced to reverse course and hike rates in May, a whole two years earlier than forecast.
Persons:
Philip Lowe it's, Lowe, I'm, we'd, Jim Chalmers, Chalmers, Lowe's, Michele Bullock, Bullock, Wayne Cole, Shri Navaratnam
Organizations:
SYDNEY, Reserve Bank of Australia, MIT, Reserve Bank, Thomson
Locations:
Australia, Lincoln