RBA Deputy Governor: Further rate hikes cannot be ruled out if inflation risks materialize

Published Aug 19, 04:26 AM UTC

The Reserve Bank of Australia's (RBA) deputy governor has issued a warning that further policy tightening cannot be ruled out if inflation risks crystallize. The central bank recently held interest rates steady at 4.35 percent, but the deputy governor's statement signals a hawkish stance amid persistent inflationary pressures. The warning comes as the RBA monitors economic conditions closely, with potential rate hikes on the table to prevent inflation from becoming entrenched. This development underscores the ongoing challenge for Australian policymakers balancing inflation control with economic growth.