The Latest Breaking News from Philip Lowe

More interest rate hikes are coming, and housing affordability is about to get crunched

Rock-bottom rates provided a buffer to soaring house prices, but that is over. Repaying a mortgage will be harder than ever

The Guardian - AU · May 4, 2022

Shock interest rate rise shows Australia’s economic exceptionalism is fading

RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?

The Guardian - AU · May 3, 2022

View from The Hill: The interest rate rise is a political wild card

The Reserve Bank, as expected, has thrown its wild card into the election campaign, but neither government nor opposition can be sure which side will be more damaged, or advantaged, by it.

The Conversation · May 3, 2022

RBA lifts cash rate, warns of more to come

The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.

AAP · May 3, 2022

Interest rate rise: who makes the high-stakes decision and how does it get made?

The RBA is considering raising the official cash rate for the first time since 2010 and the outcome will have big ramifications for the federal election

The Guardian - AU · May 2, 2022

Grattan on Friday: Managing post-COVID a delicate balance for Anthony Albanese

Philip Lowe mightn’t be a household name but the Reserve Bank governor finds himself catapulted right into the centre of this election campaign, in which events are proving more important than policies.

The Conversation · Apr 28, 2022

The cost of living is surging, so why will the RBA add to it by raising interest rates?

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.

ABC News · Apr 28, 2022

RBA warns watching inflation, wages data

The Reserve Bank of Australia board has left the cash rate unchanged, but warns it will be monitoring inflation and wages figures in coming months.

AAP · Apr 5, 2022

RBA's Lowe warns higher inflation ahead

Reserve Bank governor Philip Lowe has warned higher rates of inflation are ahead, signally he will be keeping watch on data results in coming months.

AAP · Apr 4, 2022

Michael Pascoe: We want inflation but not a higher cost of living. Go figure that one

While nobody seems to want the cost of living to be higher, it is official policy to push inflation higher than it has been for a decade.

The New Daily · Mar 25, 2022