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Australia's central bank chief warns inflation risks materialising
Bullock said three rate hikes this year may not be enough as oil, AI investment and higher input costs keep price pressures elevated.
- On Wednesday, the Federal Reserve lifted the target interest rate range to 3.75% to 4.00%, prompting local analysts to prepare for the Reserve Bank of Australia's upcoming policy meeting on September 28-29.
- Amid persistent inflation pressures and uncertainty regarding financial conditions, the International Monetary Fund said on Thursday that the Reserve Bank may need to raise interest rates further.
- Moomoo Australia and New Zealand chief market strategist Tapas Strickland warned that local equities would "face a testing morning," noting that while the rate hike was priced in, the accompanying message surprised investors.
- Markets are currently pricing an 84% likelihood that the Reserve Bank will deliver a 25-basis-point rate rise to 4.6% on September 29, reflecting expectations for further monetary tightening.
- Returning inflation to target is the International Monetary Fund's 'top priority,' as markets imply the cash rate could reach 4.85% by early 2027 amid ongoing efforts to tame stubborn secular inflation.
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32 Articles
32 Articles
Sydney Morning Herald+3 Reposted by 3 other sources
Reserve Bank’s blunt warning just days before next interest rates decision
Reserve Bank governor Michele Bullock said inflation in Australia was “too high” as she prepares to consider lifting interest rates for the fourth time this year.
·North Sydney, Australia
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Australia's central bank chief warns inflation risks materialising
·London, United Kingdom
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Coverage Details
Total News Sources32
Leaning Left7Leaning Right6Center6Last UpdatedBias Distribution37% Left
Bias Distribution
- 37% of the sources lean Left
37% Left
L 37%
C 32%
R 31%
Factuality
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