Reserve Bank of Australia governor Philip Lowe says it is “way too early” to talk about cutting interest rates, with the central bank’s board more likely to raise the cash rate than lower it at future meetings.
“At the moment, we think we may well have to increase interest rates again, but we’re not 100 per cent certain of that,” Dr Lowe told reporters at the National Press Club on Wednesday.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
