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✉news BusinessBanking first seen 23 h ago, last 12 h ago, peak #2

Australia central banker says policy working, inflation outlook worse

A senior official at Australia's central bank said monetary policy is working as intended, but cautioned that the inflation outlook has deteriorated. The remarks suggest that while interest rate settings are having an effect, price pressures may persist longer than hoped, keeping tighter policy on the table and drawing attention from markets and economists watching the bank's next moves.

Why now: Markets are watching central bank signals closely as inflation remains persistent globally.

Reserve Bank of AustraliaAustralia

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