RBA Governor warns of further rate hikes if inflation persists
Governor Michele Bullock stated the central bank will raise rates again if inflation stays high. Policymakers are now monitoring data after a recent hike to 3.85%.
Michele Bullock, the governor of the Reserve Bank of Australia (RBA), has warned that the central bank will raise interest rates again if inflation becomes entrenched. This signal indicates that the RBA is prepared to tighten monetary policy further in response to rising underlying inflation, a development that affects borrowing costs and economic conditions across Australia 
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