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RBA Gov. Lowe says not clear high CPI will be sustained, still need wage growth above 3%

  • Reserve Bank of Australia Governor Lowe
Eamonn Sheridan
08/03/2022 | 23:00 GMT

Earlier from Lowe:

RBA Governor Lowe says its plausible the cash rate will rise later this year

More now:

  • risks on inflation have moved to the upside
  • its still not clear that high inflation will be sustained in Australia
  • still need wage growth above 3%
  • do not have a plan locked in rates, looking every month
  • can afford to look through a period of high inflation
lowe rba 09 March 2022

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