RBA Lowe: Interest rate will get to 2.5% at some point

In an interview, RBA Governor Philip Lowe said, “Australians need to prepare for higher interest rates”. He expects inflation to get to 7% by the end of the year, and “we need to be able to chart a course back to 2 to 3 per cent inflation”. Lowe said, “it’s reasonable that the cash rate […]

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