RBA governor Philip Lowe says he is closer to hitting pause on rate rises and revealed that loan repayments are poised to consume a record share of wages. Follow the AFR Business Summit here:
has finally been exhausted and Australians have started tightening belts, RBA governor Philip Lowe says.
RBA governor Philip Lowe says that if Australia can’t get inflation down then “we’ll be in all sorts of trouble”.“The bounce back in spending following the pandemic has now largely run its course,” he said. “The household saving rate has declined from the very high rates of recent years. It’s now slightly below the pre-pandemic average.
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