More interest rate rises ahead but pace of increases set to slow, RBA governor predicts

Reserve Bank governor Philip Lowe says he will keep lifting interest rates but the pace will soon slow down and he is confident the economy can absorb the rises. 

Mr Lowe was grilled by a parliamentary committee where he launched another staunch defence of the RBA's pandemic management and the signal that interest rates would stay near zero until 2024. 

Analysis from ABC's Peter Ryan on The World Today and ABC News On Demand