The governor of Australian central bank, the Reserve Bank of Australia (RBA), has signalled that it might stop raising interest rates aggressively and adopt a more gradual approach.
This comes after the central bank lifted the official cash rate for the fifth consecutive time in 2022 on Sept. 6, taking it to 2.35 percent from the previous 0.1 percent before May.
Speaking at the Anika Foundation in Sydney on Sept. 8, RBA governor Philip Lowe said the case for slowing down interest rate increases was growing stronger.
“We are conscious that there are lags in the operation of monetary policy and that interest rates have increased very quickly,” Lowe said….