The Reserve Bank of Australia’s 12th interest rate rise may not be the last, as governor Philip Lowe loses patience in response to the emerging “upside risks” to inflation and frets that it will embed higher wage claims.
Philip Lowe has raised the cash rate to 4.1 per cent. Alex Ellinghausen
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
