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The Guardian - AU
The Guardian - AU
National
Peter Hannam Economics correspondent

Interest rates all but certain to rise in October but end of big hikes nearing, RBA governor says

Philip Lowe RBA Interest Rates Australia Inflation Economy Reserve Bank of Australia
RBA governor Philip Lowe at a House of Representatives economics standing committee hearing at Parliament House in Canberra
Reserve Bank of Australia governor Philip Lowe has provided an economic update to a parliamentary committee in Canberra. Photograph: Lukas Coch/AAP

The Reserve Bank of Australia is all but certain to raise interest rates in October – its sixth hike in a row – the RBA governor, Philip Lowe, has told a parliamentary committee.

Lowe told a House of Representatives’ economics committee on Friday the board would consider either a 25 basis point rise, or a fifth successive 50 basis point lift.

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