Speaking before law makers, Reserve Bank of Australia (RBA)
Governor Philip Lowe said how much further interest rates need
to increase would depend on developments in the global economy,
how household spending evolves and the outlook for inflation and
the labour market.
The central bank last week hiked interest rates by a quarter
point to a decade-high of 3.35%, bringing its tightening since
last May to 325 basis points.
(Reporting by Wayne Cole
Editing by Chris Reese)
SYDNEY, Feb 17 (Reuters) - Australia's top central
banker on Friday said further increases in interest rates would
be needed in the months ahead to ensure sky-high inflation
returns to the target range.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.