Reserve Bank of Australia (RBA) Governor Philip Lowe did reiterate that further tightening was still likely to tame inflation, having lifted rates to an 11-year high of 3.60% at a policy meeting ...

"Inflation in Australia is declining but is still too high at 6%. Goods price inflation has eased, but the prices of many services are rising briskly. Rent inflation is also elevated," said Lowe.

In a speech on the payments system, Reserve Bank of Australia (RBA) Governor Philip Lowe said merchants should have the option of which mobile wallet service to use rather than being locked in to ...