Gerry Harvey says much of the criticism that’s been directed at the head of the Reserve Bank in recent months over rising interest rates has been unfair.

The chairman of Harvey Norman told Tom Elliott said Philip Lowe was simply doing the job he’d been tasked.

“It’s not like he’s an idiot, he’s a very smart guy,” Mr Harvey said.

Press PLAY below to hear him explain why the criticism is off the mark

(Photo by Mark Evans/Getty Images)