0158 GMT - Reserve Bank of Australia Deputy Gov. Andrew Hauser has told parliament that the central bank will do whatever it takes to get inflation back to target as forecast by the end of next year. It's a clear warning from Hauser that the RBA is in a mood to raise interest rates further. A week ago he said the community was furious about high and stubborn inflation. To be sure, there has been nothing relaxed about any of the RBA's comments to parliament Friday, especially amid the unresolved and worsening war in the Middle East.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.