Lowe makes penultimate RBA rate call
RBA governor Phil Lowe has made his latest monetary policy decision as he counts down to his departure in mid-September.
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RBA governor Phil Lowe has made his latest monetary policy decision as he counts down to his departure in mid-September.
Independent economist Warren Hogan has predicted the Reserve Bank will look to raise interest rates again on Tuesday, despite signs inflation is beginning to ease.
If the RBA board believes that the cash rate is likely to rise further over the next six months, the imperative should be to get it done before the new governor chairs her first meeting in October.
Reserve Bank Governor Philip Lowe is now expected to spare Australian home borrowers rate rises in August and September just as his seven-year terms ends.
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