The RBA says the fight against inflation has reached its 'third phase'. Here's what it means for interest rates
The RBA says the fight against inflation has reached its 'third phase'. Here's what it means for interest rates
www.abc.net.au The RBA says the fight against inflation has reached its 'third phase'. Here's what it means for interest rates
Outgoing RBA governor Philip Lowe says Australia's economy has entered the "third phase" in its fight against high inflation. Here's what it means for interest rates and mortgages, and whether more rate rises are likely.
Tldr: "I know it's been difficult, but the worst is over," Mr Lowe said on Friday.
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It’s not about the current situation, prices have been increasing for two decades or so. Wages haven’t. Why?
To be fair, he doesn't control wage growth. Much stronger unions are probably required for that.
Also gallows
Suddenly feeling very French
Greed