RBA Lowe: Ending bond purchase does not mean imminent rate hike

In a speech, RBA Governor Philip Lowe said ending the bond purchase program “does not mean that an increase in the cash rate is imminent”. He noted that while inflation has picked up in Australia, it remains “substantially lower” than the 7% in the US, 5.4% in the UK and 5.9% in New Zealand. It […]

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