The current monetary policy is restrictive, Lowe said. (Reporting by Stella Qiu; Editing by Christopher Cushing)
SYDNEY, Feb 15 (Reuters) - The head of Australia's
central bank on Wednesday said the country's inflation rate is
way too high and needs to come down, though it is not the bank's
intention to cause a recession.
Appearing before lawmakers, Governor Philip Lowe said one
risk is the bank may have not done enough on interest rates.
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