Reported 4 months ago
Australia's central bank, the Reserve Bank of Australia (RBA), is seen as the only other major central bank at risk of raising interest rates this year if inflation remains high. Money markets suggest that if inflation does not slow down, the RBA may have to resume interest rate hikes, making it an outlier in the global tightening cycle. Factors contributing to this risk include Australia's lower cash rate compared to peers and inflation persisting at a higher rate than expected by the RBA.
Source: YAHOO