Reply To: RBA Suprises Raising Rates to Ten Year High 3.85%, Warns on Further Tightening


Remarks by RBA governor, Philip Lowe

Goal is to get inflation back to target range within a reasonable timeframe
Some further tightening may be required to meet that objective
We will do what is necessary to bring inflation back to target
We are not on a pre-set course
Paying attention to consumption, inflation, jobs, global economic developments
Australian dollar had responded to change in rates outlook since April pause