The Reserve Bank is on edge as inflation data looms — could it trigger another rate hike? Governor Michele Bullock warns that prolonged inflation above target is raising red flags, but external shocks like oil prices could complicate things. Their strategy? Slow demand to match supply — and the current economic slowdown? That’s exactly what they’re hoping for. With three rate hikes already under their belt and the housing market cooling, officials believe patience may be wiser than more tightening. Analysts expect inflation to tick up in the June quarter, but even a bump might not be enough to push the RBA’s hand — especially as markets already price in a softer August hike. The big question: Is the current stance enough to tame inflation without overdoing it?
Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN: advertise@thednn.ai
This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai.
Podden och tillhörande omslagsbild på den här sidan tillhör
The Daily News Now!. Innehållet i podden är skapat av The Daily News Now! och inte av,
eller tillsammans med, Poddtoppen.
