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ABC News
ABC News
Business
business reporter Nassim Khadem

RBA boss Philip Lowe says rate rises hurting households, indications are they will go higher

Philip Lowe is in the spotlight over a spate of recent interest-rate rises.  (Brent Lewin/Bloomberg via Getty Images)

Reserve Bank governor Philip Lowe has given a strong indication more interest rate rises are on the cards despite nine back-to-back rises causing many households significant pain and leaving them struggling to make repayments on their mortgages.

"There is a risk that we've gone too far and don't need to do anymore, that the economy will slow more than we expect," Dr Lowe told a parliamentary hearing on Friday.

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