(AGENPARL) - Roma, 8 Settembre 2022 - (AGENPARL) – gio 08 settembre 2022 Having issues? [View the online version](https://events.rba.gov.au/link/id/zzzz63195bef7f4a1079Pzzzz61358c86a728c671/page.html)
[Reserve Bank of Australia](https://events.rba.gov.au/link/id/zzzz63195bef80beb798Pzzzz61358c86a728c671/page.html)
Speech by Philip Lowe, Governor
8 September 2022
Governor Philip Lowe is giving a speech today – ‘Inflation and the Monetary Policy Framework’ – to the Anika Foundation in Sydney. [This speech is being broadcast live](https://events.rba.gov.au/link/id/zzzz63195bef8255e197Pzzzz61358c86a728c671/page.html).
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‘High inflation is a scourge. It damages our standard of living, creates additional uncertainty for households and businesses, erodes the value of people’s savings and adds to inequality …
… This increase in interest rates – from what was a historically low level – is to ensure that the current period of high inflation is only temporary and that a more sustainable balance between demand and supply is established …
… The Board expects that further increases in interest rates will be required over the months ahead … We are conscious that there are lags in the operation of monetary policy and that interest rates have increased very quickly. And we recognise that, all else equal, the case for a slower pace of increase in interest rates becomes stronger as the level of the cash rate rises.’
– Philip Lowe, Governor –
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[Read the speech]
[Read the speech](https://events.rba.gov.au/link/id/zzzz63195bef840d6285Pzzzz61358c86a728c671/page.html)
You can find [all speeches by RBA executives](https://events.rba.gov.au/link/id/zzzz63195bef85d75789Pzzzz61358c86a728c671/page.html) on our website.
Communications Division
Reserve Bank of Australia