Lowe says rates will not be raised to control house prices

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After his speech entitled “Recent Trends in Inflation”, the Governor of the Reserve Bank of Australia (RBA), Phillip Lowe, is responding to the question and answer session.

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Rates will not be raised to control home prices.

There is a very low probability that wages will pick up fast enough enough to need a rate hike in 2022.

You are willing to examine the temporary rise in core inflation.

The possibility of undoing the 10 years of slowdown in wage growth is very, very low, almost zero probability.

The neutral cash rate could be at least as high as 2.5%.

I would welcome the release of the monthly CPI data for Australia.

It would willing to respond to a very, very sharp rise in inflationary pressures.

He intends to review the monetary policy framework next year.

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