Philip Lowe warns of ‘significant risks’ as he drives up interest rates aiming for soft economic landing
by Peter Hannam from on (#6C34C)
The Reserve Bank governor says rates will keep being lifted, if necessary, despite 'significant financial pressure' for some
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Australia can still achieve a soft economic landing with inflation down and an economy that keeps growing but significant risks" threaten that outcome, the Reserve Bank governor, Philip Lowe, has told a bank conference in Sydney.
Speaking just a day after the RBA lifted the official interest rate for a 12th time in 13 months, Lowe said that path was narrow and likely to be a bumpy one, with risks on both sides".
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