Sky News Business Editor Ross Greenwood says the language of the Reserve Bank Governor Philip Lowe has had a “wholesale change” from a month prior.
“The language of the Reserve Bank governor – wholesale change, and so rather than actually pointing there needed to be further interest rate rises, it was there may be further tightening of monetary policies ahead,” Mr Greenwood told Sky News host Peta Credlin.
“Quite a stark difference from what was being said just a month ago when the Reserve Bank at that time was really quite determined it wanted to defeat inflation.”
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