Original article by Patrick Commins
The Australian – Page: 1 & 4 : 8-Feb-23

Reserve Bank of Australia governor Philip Lowe has signalled that further official interest rate increases are likely in order to bring inflation under control. The RBA increased the cash rate by 25 basis points to 3.35 per cent on Tuesday, in a move that was widely expected. Many economists now forecast that the cash rate will peak at 3.85 per cent in April, compared with previous expectations of 3.6 per cent. Lowe has emphasised that the RBA will do "what is necessary" to return inflation to its target range of 2-3 per cent. Lowe has conceded that the RBA’s preferred measure of underlying inflation is higher than expected at 6.9 per cent. Meanwhile, new data shows that Australia’s trade surplus fell to $12.2bn in December.

CORPORATES
RESERVE BANK OF AUSTRALIA