Australia’s central bank remains fearful of resurgence in inflation

Australia's Reserve Bank is unlikely to join its peers in lowering interest rates too soon. (Image: RBA)

Tue, 08 Oct 2024

The Reserve Bank of Australia remains concerned about a resurgence in inflation, which is likely to prevent it from joining the global rush by central banks to lower interest rates, at least in the near term.In minutes of its policy meeting in late September, the board of the RBA said it “remains vigilant to upside risks to inflation”.“Monetary policy would need to be sufficiently restrictive until members were confident that inflation was moving sustainably towards the target range and, based on the information available at t...

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