Statement by Philip Lowe, Governor: Monetary Policy Decision — 6 September 2022
Number 2022-28 At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 2.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 2.25 per cent. The Board is committed to returning inflation to ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —2 August 2022
Number 2022-21 Date 2 August 2022 At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision-5 July 2022
Number 2022-20 Date 5 July 2022 At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.25 per cent. Global inflation is high. It is being ... Read more
ABC Interview Excerpt with Reserve Bank Governor Dr Philip Lowe
Philip Lowe expects inflation to go as high as 7 per cent, while describing an interest rate of 2.5 per cent as “reasonable”. Governor of the Reserve Bank of Australia (RBA) Philip Lowe has cautioned that interest rates will continue to rise in order to help stem rising inflation, ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision
Number 2022-14 Date 7 June 2022 At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points. Inflation in Australia has increased ... Read more
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