The Reserve Bank governor has dismissed any chance of a rate hike any time soon, after a week of financial turmoil sparked by fears of rapidly rising inflation and interest rates in the United States.
Philip Lowe said the recent market volatility would not have any impact on the growth outlook for Australia, which remains at “a bit above 3 per cent over the next couple of years”.
But he also intensified his calls for higher wages to help boost the Aus…
Read the full article at: http://www.abc.net.au/news/2018-02-08/rba-governor-rules-out-interest-rate-hikes/9411004
