RBA’s Lowe: Will not raise rates to control house prices

Following his speech titled "Recent Trends in Inflation", the Reserve Bank of Australia (RBA) Governor Phillip Lowe is responding to the Q&A session.

Key quotes

Will not raise rates to control house prices.

Very low probability of wages picking up fast enough to need rate hike in 2022.

Would be prepared to look through transitory spike in core inflation.

more to come ...