A former chief economist for one of Australia’s big four banks and ex-principal adviser to the Federal Treasury has criticised the policies of the Reserve Bank of Australia, saying they could send the economy into recession.

Warren Hogan, a managing director of EQ Economics and chief economic adviser to Judo Bank, is calling on RBA governor Phillip Lowe (above) and his board to resign because of misleading information they had given Australians in recent times.

The independent economist told Liam Bartlett on 6PR Mornings the RBA’s ultra-rapid rate increases threaten to push the nation into a recession.

“I think there’s been some significant missteps… and this really does bring into question their performance,” Hogan said.

“The reality is in the instances where we have seen them come up short, an experienced executive should’ve known this wasn’t a good idea.

“And that’s exactly when a board of experienced Australians with a lot of organisational experience should’ve pushed back against the board.”

LISTEN to Hogan explain 👇 how the RBA board failed Australians