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Reserve Bank of Australia President Bullock: Be vigilant about inflation risks and will not hesitate to raise interest rates if necessary

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2024-08-08 02:44:34
Reserve Bank of Australia President Brock: We remain vigilant about inflation risks and will not hesitate to raise interest rates if necessary. We do not expect inflation to return to the target range of 2-3% before the end of 2025. The Committee believes that current interest rates remain in line with its inflation target.
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