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RBA’s Lowe Sees Key Rate Rising Up to 50-Basis Points in July

  • Review of YCC shows RBA unlikely to deploy yield target again
  • June minutes show bank relying on households to support growth
Philip Lowe, governor of the Reserve Bank of Australia.

Philip Lowe, governor of the Reserve Bank of Australia.

Photographer: Brent Lewin/Bloomberg
Updated on

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Australia’s central bank chief Philip Lowe said interest rates are likely to rise by 50 basis points at most in July, prompting money markets to scrap bets he would track the Federal Reserve with a 75 basis-point move.