RBA rate rises and cash hoarders: six things we learned from Philip Lowe’s press club address

Reserve Bank governor says with high rents and energy costs feeding inflation, interest rate rises may be necessary even if it leads to household stress

• Follow our Australia news live blog for the latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

The Reserve Bank governor, Philip Lowe, has described any talk of rate cuts as premature following this week's decision to pause the cash rate at 3.6%, ending a record run of 10 consecutive hikes.

Lowe said on Wednesday that high rents and energy costs were feeding inflation, which meant further rate increases might be necessary even if that caused households stress.

Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup