Australia’s central bank sharply raises inflation forecasts, flags more rate hikes

May 06, 2022 9:45 AM

SYDNEY (REUTERS) – Australia’s central bank on Friday (May 6) drastically revised up forecasts for inflation, foreshadowing how far interest rates might have to rise to bring the country’s cost of living crisis under control.

Source : https://www.straitstimes.com/business/economy/australias-central-bank-sharply-raises-inflation-forecasts-flags-more-rate-hikes