Reserve Bank holding out on interest rate rise hoping to hit jobless Holy Grail

As Australians feel the pain from rising inflation, the Reserve Bank governor says he wants to keep interest rates low for as long as possible to support households.

Philip Lowe is aiming to get more people into jobs and wages higher before pushing the rate rise button capitalising on a fast recovering economy.

Two years after the pandemic hit in March 2020. Mr Lowe also reflects on the biggest crisis since the Great Depression and plans for mass deaths, street morgues and a jobless rate exceeding 15 percent.

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