The official interest rate will keep rising well into next year and the Reserve Bank of Australia’s move to smaller increases was not because the job was almost done, deputy governor Michele Bullock has indicated.
Ms Bullock said inflation in Australia was still too high, and people “should be in no doubt” rates would continue to rise.
Loading...
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com