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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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The Reserve Bank of Australia’s governor, Michele Bullock, warned again on Thursday that the central bank may still need to raise interest rates further as inflation risks continue to lurk more than two years after policy action started to cool it down, the Wall Street Journal reported. Bullock told a community meeting in her hometown of Armidale, New South Wales, that inflation is lower than where it was a year ago, but remains “too high.” “The board remains vigilant with respect to upside risks on inflation and will not hesitate to raise rates if it needs to.
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