We might have one more [rate rise] to go"But she was the deputy governor during this whole period [so] she has presided with Philip Lowe over these interest rate hikes."
Business reporter Kate Ainsworth agrees, saying new leadership "doesn't mean we will magically see a change in how the RBA approaches interest rates". "As deputy RBA governor, Michele Bullock has been involved in all the board meetings that have decided to increase the cash rate and the communications we've frequently heard about how 'more monetary policy tightening may be needed' ," Ainsworth says.more rises could be on the cards.
In the past year, the RBA has hiked the cash rate from 0.1 per cent to 4.1 per cent, significantly adding to the cost of mortgage repayments for homeowners., which peaked at 7.8 per cent.The most recent monthly number has inflation at 5.6 per cent,The next complete quarterly consumer price index comes out in a bit under two weeks on July 26 — a week before the