SYDNEY: Australias central bank yesterday bluntly warned that it would likely need to raise interest rates again to restrain inflation, even as it trimmed its outlook for economic growth.
The unusually explicit warning from the Reserve Bank of Australia (RBA) lifted the local dollar above 90 US cents while bills futures slid as the market priced in a greater risk of a further rate hike, perhaps as soon as March.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!