Too early to declare victory over inflation, says RBA’s Lowe
Outgoing governor warns sticky services inflation could shift Australians’ expectations
The Reserve Bank of Australia’s outgoing governor, Philip Lowe, said it has made progress in taming inflation but may have to tighten monetary policy further.
“We have made progress here and things are moving in the right direction, but it is too early to declare victory,” Lowe said at his last appearance in parliament as governor.
Lowe will be presiding over his last monetary policy meeting on September 5. He has been the RBA governor since September 2016. His successor, current deputy
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