The war on inflation isn’t over yet says Philip Lowe
The Reserve Bank Governor made the comments ahead of next Tuesday’s board meeting to decide on interest rates
The Reserve Bank Governor made the comments ahead of next Tuesday’s board meeting to decide on interest rates
It’s too early to declare that inflation is under control, the head of the Reserve Bank of Australia said today.
Governor Philip Lowe has been giving evidence at the Senate estimate hearing in Canberra this morning, saying that 11 interest rate rises in just over a year were having a positive impact on inflation.
“We’ve increased interest rates, a lot of monetary policy is restrictive, and it’s working,” he said.
However, he stopped short of saying that the war to drive down inflation to more acceptable levels had been won.
“Whether we need to increase rates further, both depending on what happens with unit labour costs, what happens with the global economy, with inflation expectations, consumer spending, so they’re the variables that we’re looking at,” Mr Lowe said.
The RBA is due to meet next Tuesday for the last time this financial year. Three of the top four banks are predicting that rates have already peaked at 3.85 percent, with ANZ the only major lender to suggest a rise to 4.1 percent is likely before the end of the year.
The RBA has been under pressure to end further rises amid concerns that the steep rise in rates – the greatest monetary tightening program since the 1980s – could push Australia into a recession.
From elevated skincare to handcrafted home pieces, this year’s most thoughtful gifts go beyond the expected.
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From elevated skincare to handcrafted home pieces, this year’s most thoughtful gifts go beyond the expected.
Mother’s Day has quietly evolved. It’s no longer about last-minute flowers or safe department store buys. Instead, there’s a noticeable shift towards gifts that feel considered, personal and, increasingly, lasting.
This year’s edit leans into that idea, bringing together pieces that balance design, purpose and a sense of story.
At the more elevated end of beauty, Australian-founded skincare label Bon Elliot offers a future-facing approach grounded in dermatology.

Its Hydrating Performance Serum, priced at $220, is designed to support the skin’s natural balance, working across the microbiome, barrier and repair response for a more refined, luminous finish.
It’s the kind of gift that feels indulgent, but also quietly practical.
For something less expected, there’s a playful turn in the form of Tinned Candle’s handcrafted pieces.

Inspired by tinned fish, the Atlanta-based studio has created candles that are as much design objects as they are functional.
Importantly, they smell nothing like sardines, leaning instead into ocean breeze or champagne notes, depending on the piece . It’s a small, clever way to bring personality into a space.
There’s also a growing appetite for gifts that give something back.
Coral adoption programs offer a more meaningful alternative, allowing you to adopt a coral in your mother’s name while supporting fragile marine ecosystems under threat from climate change.
It’s less about the object and more about the gesture, which, in many ways, feels more aligned with the moment.
Homewares continue to hold their place, particularly when craftsmanship is at the centre.
Tanora’s collection, handcrafted in Madagascar, blends traditional techniques with a modern coastal aesthetic, spanning everything from woven totes to placemats and cushions.

These are pieces that don’t just decorate a home, they add texture and narrative to it.
For something more personal, Australian lingerie label Cloud Blvd offers soft, wearable luxury in the form of robes and camisoles.
With options designed for comfort as much as elegance, they strike that rare balance between everyday use and quiet indulgence.

And for the mother who loves to host, Mesa Collections delivers a playful yet polished take on the table.
Think colourful linens, sculptural silverware and small details that turn a simple meal into something more considered.

What ties all of this together is a shift in mindset.
The best gifts this Mother’s Day aren’t necessarily the most expensive or the most obvious. They’re the ones that show thought, whether that’s through design, craftsmanship or meaning.
Which, if you think about it, is exactly the point.
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