Reserve Bank governor says business expectations could hold down inflation

RBA's Philip Lowe says there is a risk that workers and businesses could start basing decisions on the assumption inflation will stay low The Reserve Bank governor has said he is concerned that workers and businesses could become too accustomed to record low inflation, making it harder for it to rise again to healthy levels. Philip Lowe said he was eagerly awaiting next week's quarterly inflation figures because they would influence inflation expectations.