Economics
Australia Rate Hike Later This Year ‘Plausible,’ Lowe Says
- Ukraine war, Russia sanctions creating new supply shock: Lowe
- Lowe says RBA has scope to wait, can be patient on policy
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An interest-rate increase in Australia this year is “plausible,” Reserve Bank Governor Philip Lowe said, as policy makers try to gauge whether a surge in prices driven by Russia’s invasion of Ukraine will result in a sustainable return of inflation to target.