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ABC News
ABC News
Business
business reporter Michael Janda

Philip Lowe says the Reserve Bank will do 'what is necessary' to combat 'scourge' of high inflation

The Reserve Bank governor has said he remains "committed to doing what is necessary" to prevent the "scourge" of high inflation taking hold, but did offer some hints that the pace of rate rises might soon slow.

Speaking two days after the Reserve Bank raised interest rates for the fifth month in a row, Philip Lowe said it remained "committed to doing what is necessary" to get inflation back down to its target range of 2-3 per cent.

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