Inflation has fallen, but one or two more interest-rate rises are still likely

But it’s still likely the Reserve Bank of Australia will push up interest rates again before the end of the year to drive inflation back to its target range.

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The ConversationThe Conversation
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https://theconversation.com/inflation-has-fallen-but-one-or-two-more-interest-rate-rises-are-still-likely-204269https://theconversation.com/inflation-has-fallen-but-one-or-two-more-interest-rate-rises-are-still-likely-204269
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Wednesday, April 26, 2023
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Tags: 
Building material, Statistics, National Press Club (United States), Clothing, Reserve Bank of Australia, Press club, Reserve, COVID, Lowe, Cities and metropolitan areas of the United States, Risk, Reserve Bank, Consumer, Growth, RBA, Cryptocurrency, Renting, Credit
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AUSTRALIA, UKRAINE
Summary
Key Points: 
  • But it’s still likely the Reserve Bank of Australia will push up interest rates again before the end of the year to drive inflation back to its target range.
  • This is likely due to construction materials becoming more readily available along with softer demand.
  • But the bank is balancing its inflation objective with the risk of higher interest rates sending the economy into recession.
  • He replied:
    We’ve discussed that at our board meetings: whether it would be beneficial to get inflation back down to 3% a year earlier.
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