Reserve Bank of Australia President: If inflation remains high, it may be necessary to consider raising interest rates

At a press conference, Reserve Bank of Australia President Brock emphasized that inflation risks are tilted to the upside, noting that inflation and employment data will be crucial to the February meeting next year. For this meeting, Brock said that the possibility of raising interest rates has not been explicitly considered, nor has the option of cutting interest rates been considered, but there has been discussion of the possible need to tighten policy. However, Brock said that if inflation remains high, the Reserve Bank of Australia may need to consider raising interest rates. Regarding the future trend of interest rates, Brock expressed the attitude that he will make decisions on a meeting-by-meeting basis based on data. Brock said, "The timetable of future actions will not be anticipated, but will be decided on a meeting-by-meeting basis." (Jin Ten)