The Reserve Bank of Australia’s governor Philip Lowe said inflation is way too high and that it needs to come down.The AUD/USD pair holds lower ground near 0.6980 after Philip Lowe’s Testimony during the mid-Asian session on Wednesday. The pair appears to give more weight to the hawkish Fed signals …
Read More »RBA’s Lowe: Australians should be prepared for more interest rate increases
Australia’s top central banker on Tuesday flagged a lot more policy tightening in the upcoming months as rates are seen as still “very low” and it was important that higher inflation did not feed into public expectations and wage claims”.The Reserve Bank of Australia moves to implement what it describes …
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