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RBA Vows to Stifle Inflation with Further Rate Hike
Philip Lowe, Governor of the Reserve Bank of Australia (RBA), reaffirmed that the Australian people should be ready for further interest rate hikes, but emphasized that monetary po...
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RBA Vows to Stifle Inflation with Further Rate Hike
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Philip Lowe, Governor of the Reserve Bank of Australia (RBA), reaffirmed that the Australian people should be ready for further interest rate hikes, but emphasized that monetary policy moves will be revised based on incoming economic data.

Inflation is predicted to accelerate to 7% in the fourth quarter of 2022, and begin to edge down in early 2023. Hence, Lowe mentioned the subsided level of interest rates for an economy with low unemployment and elevated inflation.
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