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Philip Lowe's last grilling in Parliament
Reserve Bank of Australia Governor Philip Lowe (left) speaks to incoming Reserve Bank of Australia Governor Michele Bullock during a House of Representatives Standing Committee on Economics hearing at Parliament House in Canberra, Friday, August 11, 2023. Source: AAP / LUKAS COCH/AAPIMAGE
The Reserve Bank governor has acknowledged the impact the rate-hiking cycle has had on Australian households, while simultaneously defending the four per centage point increase as necessary to bring inflation back down to the two to three per cent target band.
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