Sept 16 (Reuters) - Australia's top central banker on Friday flagged more increases in interest rates ahead but said it would be appropriate to slow the rate of increase at some point as the level of interest rates increases.
RBA governor Philip Lowe is appearing before a parliamentary committee:
"I think at our next board meeting we'll be considering whether it's a 25 basis point increase or a 50 basis point increase."
"I think it's likely will increase rates again and that will be the discussion we were having. And it will really come down to how we view the balance of these risks that we've been talking about what's going on the global economy, how price and wage setting behaviours adjusting here and how household spending is responding."
Appearing before a parliamentary economics committee, Reserve Bank of Australia (RBA) Governor Philip Lowe said the bank was not on a pre-set path given the uncertainties involving the global economy, inflation expectations and household spending.
(Reporting by Wayne Cole and Stella Qiu; Editing by Muralikumar Anantharaman)
((yifan.qiu@thomsonreuters.com; 86-10-66271289;))