Quantcast
au iconAU

 

 

Reserve Bank governor rules out interest rate hikes until wages rise

The Reserve Bank governor has dismissed any chance of a rate hike any time soon, after a week of financial turmoil sparked by fears of rapidly rising inflation and interest rates in the United States.

Reserve Bank governor rules out interest rate hikes until wages rise
smsfadviser logo

Philip Lowe said the recent market volatility would not have any impact on the growth outlook for Australia, which remains at "a bit above 3 per cent over the next couple of years".

Read the full article on ABC Online.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox