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Economics
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Hike it like its hot: RBA's Lowe signals further rate rises

Philip Lowe says inflation must be temporary in order to avoid mass economic pain.

Central banks are trying to kick inflation to the curb.

Australia’s top banker has stressed that this period of stubbornly high inflation must be temporary, in order to avoid deep economic pain.

Governor Philip Lowe addressed the annual dinner of the Committee for Economic Development of Australia (Ceda) last night.

He said it was the first time in a

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Hike it like its hot: RBA's Lowe signals further rate rises
Economics,
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