Reserve Bank of Australia Governor: If inflation remains high, interest rate hikes may need to be considered.
the Governor of the Reserve Bank of Australia, Philip Lowe, emphasized at a press conference that inflation risks are skewed to the upside, pointing out that inflation and employment data will be crucial for the meeting in February next year. Regarding this meeting, Lowe stated that the possibility of a rate hike has not been explicitly considered, nor has the option of a rate cut, but the scenario of needing to tighten policy has been discussed. However, Lowe said that if inflation remains persistently high, the Reserve Bank of Australia may need to consider raising rates. Regarding the future interest rate trend, Lowe expressed an attitude of making decisions based on data at each meeting. Lowe said, "There will be no forecast on the timing of future actions; decisions will be made at each meeting." (Golden Finance)
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