AUSTRALIAN CENTRAL BANK | Analyst Says Reserve Bank Of Australia Hawkish Signal Is Not Unexpected

According to Jin10, Reserve Bank of Australia Chair Michele Bullock said the possibility of further interest rate hikes still exists. She said inflation remains too high and stressed that the central bank wants to avoid markets forming fixed expectations of continued price increases. Analyst James Glynn said the Reserve Bank of Australia’s hawkish signal was not surprising given the renewed escalation in Middle East tensions, while the risk of another fuel-price shock is high and the least costly policy path may be to raise interest rates further.