Philip Lowe warns of ‘significant risks’ as he drives up interest rates aiming for soft economic landing

The Reserve Bank governor says rates will keep being lifted, if necessary, despite 'significant financial pressure’ for some

• Follow our Australia news live blog for the latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

Australia can still achieve a soft economic landing with inflation down and an economy that keeps growing but “significant risks” threaten that outcome, the Reserve Bank governor, Philip Lowe, has told a bank conference in Sydney.

Speaking just a day after the RBA lifted the official interest rate for a 12th time in 13 months, Lowe said that path was narrow and “likely to be a bumpy one, with risks on both sides”.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup