RBA Assistant Governor Says Inflation Remains Top Priority, Further Rate Rises Possible
Source Summary
Australia's Reserve Bank Assistant Governor Sarah Hunter stated that the central bank's board considers elevated inflation its top priority and may need to raise interest rates further to address it. Hunter made these comments despite the nation's property market currently weakening.
Why it matters
The RBA's continued focus on inflation control signals potential further monetary tightening despite property market weakness, which affects borrowing costs and economic growth prospects for Australian households and businesses.
