RBA Gov Lowe - says interest rates are very low

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Headlines via Reuters.

Reserve Bank of Australia Governor Lowe:

• Australians should be prepared for more interest rate increases
• level of rates still very low for an economy with low unemployment, high inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• says wants to emphasise that we are not on a pre-set path on rates
• pace and extent of hikes will be guided by the incoming data
• will be watching carefully how household spending responds to rising rates
• board committed to doing what is necessary to return inflation to 2 to 3% target
• want to ensure inflation expectations remain anchored
• says now expect CPI inflation to peak around 7% in Q4, then decline
• higher global interest rates will lessen current inflationary pressures
• growth in domestic spending is stretching the economy
• many firms reporting the availability of labour is a significant constraint
• end of yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term target was disorderly, caused some reputational damage to rba

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Inflation and Monetary Policy

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Later (0130 GMT) from the Reserve Bank of Australia we get the minutes of the June meeting.