RBA governor Philip Lowe talks at at the AFR Business Summit after yesterday’s rate rise

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Reserve Bank Governor Philip Lowe has spoken at the AFR Business Summit in Sydney on Wednesday morning to discuss interest rates after a 10th consecutive rate hike took the bank’s official cash rate to 3.6 per cent on Tuesday.

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“We do not want inflation to become ingrained and will do what’s necessary to make sure that’s the case,” Mr Lowe said.

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Can’t see 4.1 yet.

Cash grab by the big four ! Inflation hasn’t even flinched!!!!!!!!!!!!!!!

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