Reported 2 months ago
The Governor of the Reserve Bank of Australia, Michele Bullock, confirmed that the bank is alert to inflation risks and will not hesitate to increase interest rates if necessary. In her recent speech, she emphasized that maintaining inflation control is essential despite public reluctance to hear about potential rate hikes. This stance comes as the RBA keeps its cash rate at a 12-year high while facing pressure from domestic demand contributing to rising prices.
Source: YAHOO