Reserve Bank of Australia governor Philip Lowe said interest rates were still “very low” and people should be prepared for more pain in coming months as the central bank navigated inflation back to within the target band.
“As we chart our way back to 2 per cent to 3 per cent inflation, Australians should be prepared for more interest rate increases.” “If it did, the period of higher inflation would persist, and it would be more costly to reverse,” he said, adding that to date expectations had not shifted markedly from the 2 per cent to 3 per cent annual target.
You mean the same people who promised not raise rates for another 2 years They seem reliable
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