Brace for more rate rises, don't expect unrealistic wage rises - Reserve Bank governor Philip Lowe warns while discounting recession risk

Reserve Bank governor Philip Lowe says brace for more interest rate rises as he "does with it takes" to tame rampant inflation. 

Mr Lowe also warns workers that bids for unrealistic wage increases could fuel inflation and risk a rerun of a 1970s style wages breakout. 

In a wideranging address, Mr Lowe said the RBA would review its approach to "forward guidance" after being criticised for signalling that rates would stay near zero until 2024.

Here's my analysis on The World Today