August Interest Rate Rise Still Looms as RBA Warns of 'Too High' Inflation

The Reserve Bank of Australia's governor has warned that inflation remains too high, leaving an interest rate rise in August still on the cards.

This comes after the bank's latest warning about inflation, which has been a concern for many economists and financial experts.

The RBA's governor was quoted as saying that inflation is 'too high' but did not specify what level it needs to reach before considering a rate rise.