Australia’s Central Bank to ‘Do What’s Necessary’ to Hit Inflation Target

Australia’s Central Bank to ‘Do What’s Necessary’ to Hit Inflation Target

14 Jun    Finance News

Australia’s central bank says it “will do what’s necessary” to bring inflation back down to its 2-3%. Reserve Bank Governor Philip Lowe, in an interview with Australian Broadcasting Corp., said this means the cash rate may climb to 2.5% at some point. Swati Pandey reports on Bloomberg Television.

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