✉news BusinessBanking first seen 19 h ago, last 9 h ago, peak #6
RBA Says Australia's Inflation Outlook Materially Worse
Original: Australia’s Inflation Outlook Materially Worse, RBA Says
The Reserve Bank of Australia has warned that the country's inflation outlook has deteriorated materially, according to a Wall Street Journal report. The assessment signals growing concern within Australia's central bank that price pressures are proving more stubborn than earlier expected, a view that could keep interest rates higher for longer and has drawn attention from markets and economists tracking global monetary policy.
Why now: The RBA's downgrade of its inflation outlook points to possible higher-for-longer interest rates, which matters to markets and households.
Reserve Bank of AustraliaAustralia
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