New governor Michele Bullock as well as board experienced lately despatched recurring alerts they were being poised to resume rate rises if inflation didn’t sluggish as predicted. The RBA continues to be willing to hoist desire charges once again if necessary, she said within an accompanying assertion.

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The RBA’s perspective is usually that “[w]hile the central forecast is for CPI inflation to continue to decline, progress appears to get slower than before envisioned,” Bullock said.

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