‘Stark distinction’: Greenwood on RBA Governor’s present language on price rises

Sky Information Enterprise Editor Ross Greenwood says the language of the Reserve Financial institution Governor Philip Lowe has had a “wholesale change” from a month prior.

“The language of the Reserve Financial institution governor – wholesale change, and so somewhat than truly pointing there wanted to be additional rate of interest rises, it was there could also be additional tightening of financial insurance policies forward,” Mr Greenwood informed Sky Information host Peta Credlin.

“Fairly a stark distinction from what was being mentioned only a month in the past when the Reserve Financial institution at the moment was actually fairly decided it needed to defeat inflation.”

Sky Information Enterprise Editor Ross Greenwood says the language of the Reserve Financial institution Governor Philip Lowe has had a “wholesale change” from a month prior. “The language of the Reserve Financial institution governor – wholesale change, and so somewhat than truly pointing there wanted to be additional rate of interest rises, it was there could also be additional tightening of financial insurance policies forward,” Mr Greenwood informed Sky Information host Peta Credlin. “Fairly a stark distinction from what was being mentioned only a month in the past when the Reserve Financial institution at the moment was actually fairly decided it needed to defeat inflation.”

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