RBA Gov. Lowe says not at the peak for rates yet, unsure how high they go

Reserve Bank of Australia Governor Lowe is giving testimony in parliament.

Earlier:

• RBA Gov Lowe - says inflation is way too high
• RBA Gov Lowe says there is a risk the Bank has not yet raised interest rates enough

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The RBA current cash rate vs. the current 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 rate:

The bandwagon for higher cash rate calls is rolling:

• TD have ramped their RBA terminal rate forecast much higher: 4.35% (prior 3.85%)