Reserve Bank governor Philip Lowe has conceded it's now "plausible" but not certain that official interest rates could rise this year. While that's good news about a rebounding economy in the face of a pandemic, Mr Lowe has warned highly indebted real estate borrowers to ensure they have a "buffer" to deal with a higher mortgage repayments down the track. ABC's Peter Ryan says financial markets continue to ignore the RBA's dovish outlook and predicts aggressive rate rises this year.
Featured: Philip Lowe, Reserve Bank governor; Peter Ryan, ABC.
