Philip Lowe warns RBA must use 'tool it has' to get inflation under control, and that may mean more rate rises
- 11 months ago
The reserve bank governor Phillip Lowe has defended delivering 12 rate rises in just over a year, saying they are necessary to curb inflation. The RBA increased the official cash rate by another quarter of a percentage point yesterday to 4.1%, the highest level in more than a decade.