RBA’s Hauser Says Rate Pause Would Have Seen CPI Undershoot
1 month, 1 week ago

RBA’s Hauser Says Rate Pause Would Have Seen CPI Undershoot

Live Mint  

-- Australia’s central bank assessed that keeping interest rates unchanged this year would have resulted in core inflation going below the 2.5% midpoint of its target, Deputy Governor Andrew Hauser said. As a result, the board is “rigorously” focused on cooling prices and success over inflation is “not a done deal,” said Hauser, who is the first foreign official to join the RBA’s senior ranks. “We have taken some of the restrictiveness away, but there’s still work to do to bring inflation sustainably back to the midpoint,” he said. Still, the deputy governor added that it would be wrong to put too much weight on the signal from Australia’s monthly CPI indicator unless there was a significant deviation from “the implied path,” he said.

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History of this topic

RBA’s Bullock Alert to Signs Job Market Shows Stronger Economy
1 month, 1 week ago

RBA’s Bullock Alert to Signs Job Market Shows Stronger Economy

Live Mint  

Australia’s central bank is closely monitoring the state of the labor market as persistent tightness may signal a stronger underlying impulse in the economy, adding that policymakers aren’t “pre-committed” to any path for interest rates. “While the strong employment growth is good news for jobseekers, we are alert to the possibility that it is signaling a bit more strength in …

Borrowers on edge ahead of RBA decision
1 month, 2 weeks ago

Borrowers on edge ahead of RBA decision

ABC  

Andy Park: Hello, welcome to The World Today. If by its very nature, the Reserve Bank cutting interest rates stimulates demand and increases inflation, if underlying inflation still isn't within the Reserve Bank's band of between 2% and 3%, won't an interest rate cut have policy makers put up the white flag on inflation? Jane Bardon: The independent Yolngu MP …

Rate cut chances increase after inflation slows in final quarter of 2024
2 months ago

Rate cut chances increase after inflation slows in final quarter of 2024

ABC  

The odds of an interest rate cut next month have increased, with official figures showing the Reserve Bank of Australia's preferred measure of inflation fell to 3.2 per cent over the year to December. The more volatile headline inflation figure came in at 0.2 per cent for the December quarter and 2.4 per cent for the year, down from a …

December inflation figures set to make or break February rate cut, with government watching on
2 months ago

December inflation figures set to make or break February rate cut, with government watching on

ABC  

The new inflation figures published on Wednesday may be decisive for the Reserve Bank as it weighs a February interest rate cut. Good news expected on inflation The Reserve Bank's preferred "underlying" measure of inflation was 3.5 per cent in the September quarter, and it forecasts a slight decline to 3.4 per cent in December. Taylor Nugent, a senior economist …

Falling core inflation raises odds of RBA trimming interest rates in February
2 months, 3 weeks ago

Falling core inflation raises odds of RBA trimming interest rates in February

ABC  

A fall in the Reserve Bank's preferred measure of consumer price rises has increased the odds of an interest rate cut in February, despite an increase in headline inflation. AMP's deputy chief economist Diana Mousina believes the RBA will probably cut interest rates if the annual core inflation rate in the December quarter numbers, due towards the end of this …

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners
3 months, 1 week ago

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners

Daily Mail  

The Reserve Bank has given a strong hint borrowers are getting some interest rate cuts in 2025 even though inflation is still too high. The Reserve Bank has given a strong hint interest rate cuts are coming even though inflation is still too high While headline inflation is at a three-year low of 2.8 per cent, the RBA regarded this …

RBA Is More Confident on CPI, But Too Early to Declare Victory
3 months, 1 week ago

RBA Is More Confident on CPI, But Too Early to Declare Victory

Live Mint  

-- Australia’s central bank is more confident that inflation is moving sustainably toward target but it’s still too soon to conclude the battle is won given a recent pick-up in consumption and a still-tight labor market, minutes of the December meeting showed. The Reserve Bank’s board discussed scenarios in which future policy would be eased to boost economic growth or …

The RBA is preparing for all economic scenarios, including an interest rate hike
3 months, 2 weeks ago

The RBA is preparing for all economic scenarios, including an interest rate hike

ABC  

The Reserve Bank may have dropped the phrase "not ruling anything in or out" in its interest rates commentary, but that does not mean an interest rate hike is completely out of the question. That is because, as Dr Hunter explained, it would mean the RBA's key policy goal of achieving its mid-point annual inflation target of 2.5 per cent …

RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor
3 months, 3 weeks ago

RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor

ABC  

The Reserve Bank's deputy governor has encouraged Australians not to stress too much about the likely impact on Australia's economy of a tit-for-tat trade war sparked by Donald Trump's presidency, and the problems it may cause for inflation next year. Andrew Hauser says if US president-elect Trump introduces wide-ranging trade tariffs next year, the direct impacts on Australia would probably …

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021
4 months ago

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021

ABC  

Australia's inflation rate remained steady in October, with analysts tipping this price data won't change the Reserve Bank's mind to hold interest rates at their highest level in about a decade until at least early 2025. The inflation rate held at 2.1 per cent annually, with the rising price of food, alcohol, cigarettes and recreational activities keeping it up, while …

RBA says February rate cut not guaranteed even if inflation figures rosy
4 months, 1 week ago

RBA says February rate cut not guaranteed even if inflation figures rosy

ABC  

The Reserve Bank could hold off on a February rate cut even if underlying inflation is lower than it expects, a move that would reverberate among mortgaged households and could undermine the federal government's electoral fortunes. But the minutes suggest a rate cut is not assured even if December inflation is low using the Reserve Bank's favoured "underlying" measure, which …

Inflation behaving more like a magician who tricks you again and again
4 months, 2 weeks ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

Rising inflation clouds stock market sentiment, delays rate cut hopes; Earnings growth in focus, say analysts
4 months, 2 weeks ago

Rising inflation clouds stock market sentiment, delays rate cut hopes; Earnings growth in focus, say analysts

Live Mint  

India's retail inflation surged to a 14-month high in October, exceeding the Reserve Bank of India’s upper tolerance limit, dampening expectations of an imminent policy rate cut. Analysts suggest that while October's CPI inflation data was largely anticipated by the Indian stock market, the more pressing concern lies in subdued corporate earnings. While inflation is projected to ease in December, …

Big hint Anthony Albanese is responsible for you missing out on a rate cut - with Australia's most powerful banker blaming government spending for inflation
4 months, 3 weeks ago

Big hint Anthony Albanese is responsible for you missing out on a rate cut - with Australia's most powerful banker blaming government spending for inflation

Daily Mail  

Australia's most powerful banker has given a strong hint that excessive government spending is to blame for high inflation, ruling out rate cuts until 2025. Australia's most powerful banker has given a strong hint excessive government spending is to blame for high inflation - and therefore no rate cuts While headline inflation has fallen to a three-and-a-half year low of …

RBA leaves cash rate at 4.35pc, acknowledging it's 'restrictive,' while ASX loses ground — as it happened
4 months, 4 weeks ago

RBA leaves cash rate at 4.35pc, acknowledging it's 'restrictive,' while ASX loses ground — as it happened

ABC  

Here are some highlights from the RBA Board's statement. Underlying inflation remains too high: "Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. "Headline inflation was 2.8 per cent over the year to the September quarter, down from 3.8 per cent over the year …

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened
Trending News
4 months, 4 weeks ago

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened

ABC  

Treasurer Jim Chalmers answers a questions on the RBA interest rates. Member for Macquarie, Susan Templeman, asks: "What does the decision taken today by the Reserve Bank mean for Australians and what progress is being made in the fight against inflation and how does this compare to other approaches?" "Secondly, it reflects the progress that we are making together in …

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming
6 months, 1 week ago

No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming

ABC  

Who'd want to be Reserve Bank Governor Michele Bullock? Reserve Bank keeps interest rates on hold at 4.35pc Photo shows Reserve Bank of Australia generic The RBA has kept interest rates on hold at 4.35 per cent, saying inflation is still too high to start cutting rates. The Reserve Bank board has decided to keep the cash rate steady at …

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon
7 months, 3 weeks ago

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon

Daily Mail  

Australia's most powerful banker has aggressively scotched expectations of rate cuts by Christmas - despite global concerns about an American recession and weak local economic activity. In the media conference afterwards, Governor Michele Bullock stressed a rate cut wasn't happening soon - despite the Reserve Bank statement emphasing the risk of an economic slowdown and weaker gross domestic product 'Given …

Interest rate decision: RBA to make a rate call amid sharemarket bloodbath
7 months, 3 weeks ago

Interest rate decision: RBA to make a rate call amid sharemarket bloodbath

Daily Mail  

Australian home borrowers could be in line for super-sized rate cuts by Christmas after US recession fears wiped more than $150billion from the local share market in just two days. CommSec market analyst Steven Daghlian said a jump in the American jobless rate to 4.3 per cent, the highest level since October 2021, was spooking financial markets and dragging down …

RBA's Michelle Bullock says no cuts expected in next six months after leaving interest rates on hold
7 months, 3 weeks ago

RBA's Michelle Bullock says no cuts expected in next six months after leaving interest rates on hold

ABC  

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent. "Financial markets have been volatile of late and the Australian dollar has depreciated," the RBA Board said in a statement. "In doing so, it will continue to pay close attention to developments in the global economy and financial markets, trends in domestic demand, and the …

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
8 months, 4 weeks ago

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Associated Press  

WASHINGTON — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. Rate cuts by the Fed would likely lead, over time, to lower borrowing costs for mortgages, auto loans and credit cards as well as business borrowing, and could also …

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
8 months, 4 weeks ago

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

LA Times  

A May news conference with Federal Reserve Chair Jerome Powell appears on a monitor on the floor at the New York Stock Exchange. Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. The minutes of the Fed’s June 11-12 …

PM says ‘we’ve got there’ as inflation hits target, but summer rate cut in doubt
9 months, 1 week ago

PM says ‘we’ve got there’ as inflation hits target, but summer rate cut in doubt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak has declared “we’ve …

RBA's 'narrow path' gets narrower with an interest rate rise more likely than a cut
9 months, 2 weeks ago

RBA's 'narrow path' gets narrower with an interest rate rise more likely than a cut

ABC  

You could see, hear and feel the pressure on Reserve Bank boss Michele Bullock at yesterday's press conference, held after an angst-filled decision to do nothing. Before being peppered with questions, the RBA governor prefaced the discussion by outlining the "complex" economic dilemma the bank's board confronts. "I think the RBA probably should have increased rates a little bit further, …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
9 months, 3 weeks ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Grim call on whether interest rate cuts are coming in Australia after Canada and the UK gave homeowners relief
9 months, 3 weeks ago

Grim call on whether interest rate cuts are coming in Australia after Canada and the UK gave homeowners relief

Daily Mail  

The Reserve Bank of Australia will not be influenced by recent rate cuts abroad, freshly appointed deputy governor Andrew Hausen has signalled, after Canadian and European central bankers lowered interest rates this week. The Bank of Canada on Wednesday became the first central bank in the Group of Seven to provide borrowers interest rate relief, lowering its overnight rate to …

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits
10 months ago

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits

Live Mint  

-- Australia’s inflation is showing persistent strength and weighing heavily on the finances of some households, a senior Reserve Bank official said, highlighting the limits to further interest-rate increases. “The board are absolutely focused on the fact that inflation is clearly still above the target band,” RBA Assistant Governor Sarah Hunter said at a conference in Sydney on Thursday, referring …

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA
10 months ago

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA

ABC  

In short: The annual rate of inflation ticked up to 3.6 per cent in April, from 3.5 per cent in March. According to the Australian Bureau of Statistics, an underlying measure of inflation — called "trimmed mean" inflation — also picked up again in April, from 4 per cent to 4.1 per cent. "It does not appear that the RBA …

The Reserve Bank's interest rate dilemma: Households are hurting but inflation remains stubbornly high
10 months, 3 weeks ago

The Reserve Bank's interest rate dilemma: Households are hurting but inflation remains stubbornly high

ABC  

Please make it stop. That's what Michele Bullock must say to herself after RBA board meeting days, when journalists conjure a dozen different ways to ask the same question — what's going to happen with interest rates? Over the past year, the inflation rate for discretionary goods and services has been within the RBA's 2-3 per cent target band, at …

RBI’s rate setting committee likely to maintain status quo on policy rates
11 months, 4 weeks ago

RBI’s rate setting committee likely to maintain status quo on policy rates

New Indian Express  

“I don’t see the earliest rate cut before the October meeting, unless growth posits a negative surprise in the intervening quarters, amid a shallow rate cut cycle limited to 50 bps at best,” Icra Ratings chief economist Aditi Nayar told this newspaper. Rating agency Care Edge expects the policy rates to be kept on hold on Friday and so is …

RBA leaves door open to interest rate cuts and rises as unemployment risks rise
1 year ago

RBA leaves door open to interest rate cuts and rises as unemployment risks rise

ABC  

What a difference six weeks makes. Economists and traders expect the US Federal Reserve to lead off a global round of interest rate cuts, but recent economic data suggests the RBA should beat them to it. CBA's head of Australian economics Gareth Aird points out that the RBA board made seven references to "uncertainty" in its one-page post-meeting statement, up …

RBA keeps interest rates on hold at 4.35pc but says 'it will be some time' before inflation within target band
1 year ago

RBA keeps interest rates on hold at 4.35pc but says 'it will be some time' before inflation within target band

ABC  

The Reserve Bank has left interest rates on hold amid signs that growth in the economy has dramatically slowed down following 13 interest rate rises since May 2022. The cash rate remains at 4.35 per cent, and while the central bank gave no clear indication of where it was headed next, saying it was "not ruling anything in or out", …

Economists predict RBA's next rates move will be a cut, but stage 3 tax cuts muddy the timetable
1 year, 1 month ago

Economists predict RBA's next rates move will be a cut, but stage 3 tax cuts muddy the timetable

ABC  

In short: Westpac's CEO has joined senior economists in predicting that the next interest rates move by the Reserve Bank will be a cut to the cash rate. Westpac's CEO has joined senior economists in predicting that the next interest rates move by the Reserve Bank will be a cut to the cash rate. The Reserve Bank board says "a …

Fed Not Looking At Slashing Interest Rates Anytime Soon, Says Raphael Bostic
1 year, 1 month ago

Fed Not Looking At Slashing Interest Rates Anytime Soon, Says Raphael Bostic

ABP News  

The US is not yet ready to implement rate cuts, the Federal Reserve Bank of Atlanta President, Raphael Bostic, said earlier in the week. The official added that while the bank has succeeded in managing inflation pressures, persisting risks mean that they are not yet ready to decide on interest rate cuts. Addressing a gathering organised by the Money Marketeers …

Why the RBA may be forced to cut interest rates before the Fed
1 year, 1 month ago

Why the RBA may be forced to cut interest rates before the Fed

ABC  

There's been a nearly universal assumption by both analysts and traders that the US Federal Reserve will effectively kick off the global rate-cutting cycle for developed economy central banks. While the average mortgage rate in Australia has risen by 3.2 percentage points since the RBA started hiking, US home borrowers, on average, have seen their interest rates rise 0.5 of …

RBA leaves interest rates unchanged at 4.35pc after first meeting of the year, ASX ends lower — as it happened
1 year, 1 month ago

RBA leaves interest rates unchanged at 4.35pc after first meeting of the year, ASX ends lower — as it happened

ABC  

The Reserve Bank has released its latest forecasts for the economy. While lowering its inflation forecasts to reflect the latest December quarter Consumer Price Index, which came in well below its previous expectations, it appears to be wedded to its view that services inflation is sticky and will take a long time to tame. The RBA has taken 0.6 of …

Will the RBA raise rates again? It’s looking less likely – but the next two months will be crucial
1 year, 3 months ago

Will the RBA raise rates again? It’s looking less likely – but the next two months will be crucial

ABC  

If you're looking for clues about whether the Reserve Bank has any interest rate rises left, Governor Michele Bullock offered several in her statement after Tuesday's board meeting, saying: the latest monthly figures showed inflation "continuing to moderate" inflation expectations remained "consistent with the inflation target" wages growth was "not expected to increase much further". The mathematics of falling inflation …

Don't get your hopes up! Bank of England chief warns markets are getting carried away with predictions of early interest rate cuts as he says inflation is still a threat - with Chancellor poised to cu
1 year, 4 months ago

Don't get your hopes up! Bank of England chief warns markets are getting carried away with predictions of early interest rate cuts as he says inflation is still a threat - with Chancellor poised to cu

Daily Mail  

The Bank of England governor tried to cool hopes of imminent interest rate cuts today as he warned inflation is still a major threat. On the eve of Jeremy Hunt's crucial Autumn Statement, Andrew Bailey said markets were putting 'too much weight' on recent dip in the headline CPI rate. Mr Bailey suggested the 'potential persistence' of inflation was being …

With inflation rapidly falling, there's a strong case the RBA pushed too hard on interest rates
1 year, 8 months ago

With inflation rapidly falling, there's a strong case the RBA pushed too hard on interest rates

ABC  

Outgoing Reserve Bank governor Philip Lowe has been called quite a few names in the past two years and might cop a few more in the months ahead. For all the criticism heaped upon him for his ill-considered and catastrophic call that interest rates wouldn't rise until 2024, which capped the Reserve Bank's generally poor forecasting over the past decade, …

RBA leaves rates on hold, home loan refinancing remains at record high, Treasurer Jim Chalmers says inflation fight not over — as it happened
1 year, 8 months ago

RBA leaves rates on hold, home loan refinancing remains at record high, Treasurer Jim Chalmers says inflation fight not over — as it happened

ABC  

Hi Kate and Sue. I note that the RBA statement says inflation is modelled "to be back within the 2–3 per cent target range in late 2025". The RBA is expecting we won't see inflation in that range until 2025, and that's because inflation is a really pesky thing to try and bring down, and it takes a lot of …

The Reserve Bank almost left interest rates on hold this month, but it also wants the unemployment rate to rise
1 year, 9 months ago

The Reserve Bank almost left interest rates on hold this month, but it also wants the unemployment rate to rise

ABC  

The Reserve Bank board went to the brink of leaving official interest rates on hold a fortnight ago because of rising household pressures, but opted for another hike on fears that inflation could become entrenched. Key points: The RBA board is concerned about recent increases in property prices It thinks the unemployment rate needs to rise to 4.5 per cent …

Official interest rates rise above 4 per cent as RBA hikes again
1 year, 9 months ago

Official interest rates rise above 4 per cent as RBA hikes again

ABC  

The Reserve Bank has lifted its official interest rate to 4.1 per cent, a level not seen since early 2012. Key points: The cash rate will rise 0.25 of a percentage point to 4.1 per cent RBA governor Philip Lowe said "some further tightening of monetary policy may be required" The RBA says wages growth remains consistent with its inflation …

RBA forecasts harsher short-term pain for longer term gain
1 year, 10 months ago

RBA forecasts harsher short-term pain for longer term gain

ABC  

The latest Reserve Bank economic outlook brings both bad and good news for Australians. Economic growth over the year to June is expected to be just 1.7 per cent, more than half a percentage point lower than was forecast just three months ago. The RBA had expected workers to enjoy a 4.7 per cent jump in their hourly pay rates …

Reserve Bank hikes cash rate to 3.85 per cent, ASX hits three-week low, Qantas appoints new CEO to replace Alan Joyce
1 year, 11 months ago

Reserve Bank hikes cash rate to 3.85 per cent, ASX hits three-week low, Qantas appoints new CEO to replace Alan Joyce

ABC  

Here are some comments from Callam Pickering, an economist at global job site Indeed. He's just put out this note on the rate decision, which I think is worth quoting in full: "The flow of recent economic data provides a compelling case for further rate hikes,” he said. "The RBA anticipates that further rate hikes may well be needed to …

RBA boss Philip Lowe defends shock interest rate rise, saying 'there is a limit' to inflation patience
1 year, 11 months ago

RBA boss Philip Lowe defends shock interest rate rise, saying 'there is a limit' to inflation patience

ABC  

Just a month after the Reserve Bank of Australia kept rates on hold — to assess the economic fallout from an unprecedented string of 10 consecutive rate hikes — on Tuesday afternoon it shocked most experts with another rise. Key points: The RBA raised interest rates from 3.6 to 3.85 per cent RBA governor Philip Lowe says inflation needs to …

Quarterly inflation is expected to ease, but the Reserve Bank may still lift interest rates
1 year, 11 months ago

Quarterly inflation is expected to ease, but the Reserve Bank may still lift interest rates

ABC  

A leading economist and strategist expects the Reserve Bank of Australia will resume its rate-hiking cycle at its next meeting, despite forecasting softer inflation figures to be released today. Key points: Rabobank global strategist Michael Every believes inflation in Australia will remain elevated for "a good long while" Monthly consumer price index data shows inflation has slowly begun to soften …

The RBA's interest rate pause was a close call that could change as early as next month
1 year, 11 months ago

The RBA's interest rate pause was a close call that could change as early as next month

ABC  

The Reserve Bank has revealed its decision to pause its aggressive interest-rate-hiking strategy was a close call, while warning that more hikes may be needed to tame inflation. Key points: The RBA kept interest rates on hold this month for the first time in a year Minutes from the meeting show board members want time to see the lagged impact …

Inflation rises more than forecast, increasing interest rate hike odds
2 years, 2 months ago

Inflation rises more than forecast, increasing interest rate hike odds

ABC  

Inflation has come in higher than expected, increasing the chances of another Reserve Bank interest rate rise next month. Key points: The official Consumer Price Index jumped 7.8 per cent last year Travel and accommodation as well as electricity contributed the biggest price rises over the last three months of 2022 Travel was also among the biggest price rises over …

RBA governor Philip Lowe warns Australians to brace for higher inflation, lower growth
2 years, 4 months ago

RBA governor Philip Lowe warns Australians to brace for higher inflation, lower growth

ABC  

Don't expect much of a pay rise, even as inflation soars and reduces what you can buy with your wages. Key points: RBA governor Philip Lowe says globalisation helped central banks keep price rises low and stable over the past three decades Increasing trade restrictions and global conflict are reversing this process and risk reduced supply and higher prices Mr …

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