RBA's Lowe urged to lift rates
![The Reserve Bank of Australia, led by governor Philip Lowe, has "backed itself into a position where it's justifying ...](http://web.archive.org./web/20180624181156im_/https://www.afr.com/content/dam/images/h/0/x/8/e/c/image.related.afrIndexLeadWide.460x260.h11qcy.gshfrb.png/1529836086628.jpg)
A former board member has hit out at the RBA for talking itself into a monetary policy dead-end and urged it to prepare households for a rising global interest rate environment through an official hike of at least 25 basis points.