RBA Gov Lowe says if economy tracks our forecasts rate hike plausible in 2022

Reserve Bank of Australia Governor Lowe says its plausible that it the economy tracks to the Bank's forecasts a rate hike will be on the agenda later this year.

• Adds that would like to see another couple of CPIs before deciding on rate moves. CPI is a measure of inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term.

Lowe has been talking for hours, other remarks are linked from this post here:

RBA Gov Lowe says there is a big divergence between the Bank and market expectations