Australia's c.bank hiked in May due to inflation risks, more raises may be required
Reuters
23-05-16 01:41
The Reserve Bank of Australia (RBA) is considering further rate hikes due to inflation risks caused by weak productivity growth and greater-than-expected rental increases. The RBA still plans to hike rates despite the risks, according to minutes from the board's May meeting. Governor Philip Lowe warned that the central bank could not afford to wait too long to tackle inflation.