The Latest Breaking News from Philip Lowe

Philip Lowe admits the RBA erred on its rate rise timing – but there were messaging misfires too

Could Australia’s reserve bank have done a much better job of controlling inflationary expectations?

The Guardian - AU · Sep 9, 2022

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

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.

The New Daily · Sep 8, 2022

RBA governor warns at least two more interest rate rises needed to combat ‘scourge’ of inflation

Philip Lowe admits ‘the magnitude of the pickup in inflation has come as a surprise to everyone’

The Guardian - AU · Sep 8, 2022

Australia central bank lifts cash rate to 2.35% in 5th hike

Australia’s central bank has boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%

The Independent UK · Sep 6, 2022

RBA interest rates: Reserve Bank raises official rate to 2.35% amid inflation fears

The RBA decision brings the cash rate to the highest level since 2015, with mortgage holders set to face higher repayments

The Guardian - AU · Sep 6, 2022

Reserve Bank hikes interest rates to seven-year high

The Reserve Bank has lifted the official cash rate by another 0.5 basis points, to take official rates to a seven-year high.

The New Daily · Sep 6, 2022

Former Reserve Bank economist suggests Greens push for interest rate freeze is nonsensical

Greens senator Nick McKim says homeowners took on massive debt believing rates wouldn’t rise before 2024 and are now getting ‘smashed’

The Guardian - AU · Sep 4, 2022

Where do the RBA and economists now stand on wages growth?

Decision makers are torn between wanting to lift wages for fairness and consumption, and wanting to keep wages down to control inflation.

The New Daily · Aug 21, 2022

Alan Kohler: The hubris of central bankers and the limits of money

Once again central banks, including Philip Lowe’s Reserve Bank, have kept extreme monetary policies in place for too long

The New Daily · Aug 14, 2022

‘Greater insight’: ABS unveils monthly inflation reports as cost-of-living crisis bites

Households and the Reserve Bank will get a much closer look into when soaring inflation peaks later this year with monthly price reports coming.

The New Daily · Aug 10, 2022