Dr Richard Denniss

oh, well, we can't rule out more because even when there's no signs of rising inflationary expectations, and even though the governor says we don't need to increase them, she's increasing them.

So of course they could increase them again in the future.

Who knows how long Donald Trump's war is going to last.

And who knows how the private sector will respond to it because, well, we're not supposed to talk about power and profits in Australia.

If companies respond to these price shocks by increasing prices and protecting themselves from any pain at all –

Well, the RBA might turn around in three or six months and say, oh, look, inflation didn't fall as fast as we thought.

I guess we're going to have to hit people with mortgages again.

I'd be very surprised if she ruled out increasing interest rates again because that excessive confidence of what the RBA will and won't do is exactly what got Philip Lowe into trouble.