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The New Daily
The New Daily
Business
Matthew Elmas

RBA boss Philip Lowe flags slower rate hikes, rebukes critics calling for his resignation

10 News First – Disclaimer

Reserve Bank governor Philip Lowe has foreshadowed slower mortgage bill hikes later this year as the bank grapples with massive uncertainties about the outlook for soaring inflation and the economy.

Dr Lowe gave a wide-ranging speech on Thursday, addressing the outlook for interest rates, inflation, the prospect of an economic downturn in Australia, and even calls for his resignation.

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