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Reserve Bank of Australia Says Case for Big Rate Hikes 'Diminished'

Posted

September 16, 2022

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Reserve Bank of Australia Governor Philip Lowe said the case for outsized interest-rate increases has "diminished." Lowe also said the central bank will debate the merits of hiking by a quarter-percentage point or a half-point at its Oct. 4 meeting in response to Australian lawmakers' questions in semi-annual testimony. (Excerpt)

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Reserve BankAustralia Governor Philip Lowe

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Reserve Bank of Australia Says Case for Big Rate Hikes 'Diminished' · Bloomberg Television · Sentinel